NatWest Group Management
Management criteria checks 2/4
NatWest Group's CEO is John-Paul Thwaite, appointed in Jul 2023, has a tenure of 3.17 years. total yearly compensation is £6.57M, comprised of 17.9% salary and 82.1% bonuses, including company stock and options. directly owns 0.016% of the company’s shares, worth CHF9.51M. The average tenure of the management team and the board of directors is 2.4 years and 3.2 years respectively.
Key information
John-Paul Thwaite
Chief executive officer
UK£6.6m
Total compensation
| CEO salary percentage | 17.85% |
| CEO tenure | 3.2yrs |
| CEO ownership | 0.02% |
| Management average tenure | 2.4yrs |
| Board average tenure | 3.2yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Jun 30 2026 | n/a | n/a | UK£6b |
| Mar 31 2026 | n/a | n/a | UK£6b |
| Dec 31 2025 | UK£7m | UK£1m | UK£5b |
| Sep 30 2025 | n/a | n/a | UK£5b |
| Jun 30 2025 | n/a | n/a | UK£5b |
| Mar 31 2025 | n/a | n/a | UK£5b |
| Dec 31 2024 | UK£5m | UK£1m | UK£4b |
| Sep 30 2024 | n/a | n/a | UK£4b |
| Jun 30 2024 | n/a | n/a | UK£4b |
| Mar 31 2024 | n/a | n/a | UK£4b |
| Dec 31 2023 | UK£2m | UK£458k | UK£5b |
Compensation vs Market: John-Paul's total compensation ($USD8.79M) is above average for companies of similar size in the Swiss market ($USD5.90M).
Compensation vs Earnings: John-Paul's compensation has increased by more than 20% in the past year.
CEO
John-Paul Thwaite (55 yo)
Mr. John-Paul Thwaite (Formerly known as Paul Thwaite) was Director of Lombard North Central PLC from July 25, 2023 to October 3, 2023. He is Chief Executive Officer and Director of The Royal Bank of Scotl...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Group CEO & Executive Director | 3.2yrs | UK£6.57m | 0.016% CHF 9.5m | |
| Group CFO & Executive Director | 8yrs | UK£5.31m | 0.012% CHF 7.3m | |
| Chief Customer & Operations Officer | 1yr | no data | no data | |
| Group Chief Information Officer | 4yrs | no data | no data | |
| Director of Investor Relations | no data | no data | no data | |
| Group Chief Legal Officer & General Counsel | 2.4yrs | no data | no data | |
| Group Chief Marketing Officer | 1.7yrs | no data | no data | |
| Group Director of Strategy | 1.2yrs | no data | no data | |
| Group Chief People Officer | 1.5yrs | no data | no data | |
| Principal Economist | no data | no data | no data | |
| Chief Executive Officer of Commercial & Institutional | 2.7yrs | no data | no data | |
| Head of Private Equity & Funds Banking - London | no data | no data | no data |
Experienced Management: RYSD's management team is considered experienced (2.4 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Group CEO & Executive Director | 3.2yrs | UK£6.57m | 0.016% CHF 9.5m | |
| Group CFO & Executive Director | 7.7yrs | UK£5.31m | 0.012% CHF 7.3m | |
| Independent Chairman | 2.7yrs | UK£941.00k | 0.00060% CHF 367.5k | |
| Board Observer | no data | no data | no data | |
| Independent Non-Executive Director | less than a year | no data | 0.000010% CHF 6.1k | |
| Independent Non-Executive Director | 8.3yrs | UK£255.00k | 0.00037% CHF 226.6k | |
| Independent Non-Executive Director | 3.4yrs | UK£228.00k | 0.00015% CHF 91.9k | |
| Senior Independent Director | 8.7yrs | UK£302.00k | 0.00047% CHF 287.9k | |
| Independent Non-Executive Director | 2.2yrs | UK£203.00k | 0.000060% CHF 36.8k | |
| Independent Non-Executive Director | less than a year | UK£16.00k | 0.00021% CHF 128.6k | |
| Independent Non-Executive Director | 3.9yrs | UK£182.00k | 0.00025% CHF 153.1k | |
| Independent Non-Executive Director | 1.7yrs | UK£166.00k | 0.000040% CHF 24.5k |
Experienced Board: RYSD's board of directors are considered experienced (3.2 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/09/21 09:53 |
| End of Day Share Price | 2026/09/18 00:00 |
| Earnings | 2026/06/30 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Learn about the who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
NatWest Group plc is covered by 34 analysts. 16 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Arturo de Frias Marques | Banco Santander |
| Thomas Andrew Rayner | Barclays |
| "Aman Rakkar | Barclays |