NatWest Group Management
Management criteria checks 2/4
NatWest Group's CEO is John-Paul Thwaite, appointed in Jul 2023, has a tenure of 1.83 years. total yearly compensation is £4.94M, comprised of 23.1% salary and 76.9% bonuses, including company stock and options. directly owns 0.011% of the company’s shares, worth $5.91M. The average tenure of the management team and the board of directors is 6.7 years and 2.6 years respectively.
Key information
John-Paul Thwaite
Chief executive officer
UK£4.9m
Total compensation
| CEO salary percentage | 23.14% |
| CEO tenure | 1.8yrs |
| CEO ownership | 0.01% |
| Management average tenure | 6.7yrs |
| Board average tenure | 2.6yrs |
Recent management updates
Recent updates
NatWest: Proves Resilience In Stagnant U.K. Economy, But Risks Remain
May 07NatWest: 7% Forward Dividend Yield Makes It An Attractive Income Play (Upgrade)
Apr 08NatWest: What's Next For The Stock After Surging 165%
Mar 08NatWest: Medium-Term Earnings Set To Remain Elevated
Feb 15NatWest: Time To Rightsize After Giant Rise In 2024
Jan 02NatWest Q3 2024 Earnings Preview: Positive Performance Trend May Continue
Oct 23NatWest: Another Exceptional Quarter
Jul 31NatWest: Recent Rally Leaves Shares Fully Valued (Rating Downgrade)
May 11NatWest Group: Continued Loan Growth Encouraging Despite Pressure On Net Interest Income
May 02NatWest: Shares Remain Cheap Despite Reduced Financial Targets
Feb 22NatWest: Challenging Operating Environment May Lead To A Lower Share Price
Jan 17NatWest: A Poor Q3 Doesn't Justify The Drop
Oct 28NatWest Group: Customer Loan Growth Remains Strong Despite Macroeconomic Pressures
Sep 18NatWest: U.K. Bank Looks Cheap But Faces A Downbeat Economy
Jun 27NatWest: Good Performance, But A Hold
Jun 17NatWest GAAP EPS of 13.10p, total income of £3.71B; issues outlook for FY23 and beyond
Feb 17NatWest: A Banking Phoenix Has Risen
Jan 23NatWest: Remains Attractive Long-Term Despite A Monster Q4 Rally
Jan 17NatWest: Benefiting From Higher Interest Rates But Questions Open On Costs
Nov 05NatWest GAAP EPS of 1.90p, total income of €3.23B
Oct 28NatWest Group: Management Returns A Huge Amount To Shareholders
Sep 27NatWest GAAP EPS of €11.00, total income of €104M
Jul 29NatWest Group: An Analysis Of ECL Provisions
Jul 16CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| 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 ($USD6.57M) is below average for companies of similar size in the US market ($USD14.44M).
Compensation vs Earnings: John-Paul's compensation has increased by more than 20% in the past year.
CEO
John-Paul Thwaite (53 yo)
1.8yrs
Tenure
UK£4,936,000
Compensation
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 | 1.8yrs | UK£4.94m | 0.011% $ 5.9m | |
| Group CFO & Executive Director | 6.7yrs | UK£4.52m | 0.0070% $ 3.7m | |
| Group Chief Operating Officer | 1.1yrs | no data | no data | |
| Chief Accountant | no data | no data | no data | |
| Group Chief Information Officer | 2.7yrs | no data | no data | |
| Director of Investor Relations | no data | no data | no data | |
| Principal Economist | no data | no data | no data | |
| Chief Economist | no data | no data | no data | |
| Chief Financial Officer of Retail | no data | no data | no data | |
| Chief Investment Officer of Group Pension Fund | 15.3yrs | no data | no data | |
| Head of Real Estate Finance - North West England | 9.8yrs | no data | no data | |
| Head of Corporate Credit | 14.6yrs | no data | no data |
6.7yrs
Average Tenure
52yo
Average Age
Experienced Management: NWG's management team is seasoned and experienced (6.7 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Group CEO & Executive Director | 1.8yrs | UK£4.94m | 0.011% $ 5.9m | |
| Group CFO & Executive Director | 6.3yrs | UK£4.52m | 0.0070% $ 3.7m | |
| Head of RBS Americas | 11.6yrs | UK£992.00k | no data | |
| Independent Non-Executive Director | 5.1yrs | UK£157.00k | 0.00045% $ 237.5k | |
| Independent Chairman | 1.3yrs | UK£664.00k | 0.00014% $ 73.9k | |
| Board Observer | no data | no data | no data | |
| Independent Non-Executive Director | 6.9yrs | UK£225.00k | 0.00034% $ 179.4k | |
| Independent Non-Executive Director | 2.1yrs | UK£222.00k | 0.00011% $ 58.1k | |
| Senior Independent Director | 7.3yrs | UK£271.00k | 0.00045% $ 237.5k | |
| Independent Non-Executive Director | less than a year | UK£47.00k | 0.000030% $ 15.8k | |
| Independent Non-Executive Director | 2.6yrs | UK£153.00k | 0.00021% $ 110.8k | |
| Independent Non-Executive Director | less than a year | no data | 0.000010% $ 5.3k |
2.6yrs
Average Tenure
61.5yo
Average Age
Experienced Board: NWG's board of directors are not considered experienced ( 2.6 years average tenure), which suggests a new board.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/05/12 16:11 |
| End of Day Share Price | 2025/05/09 00:00 |
| Earnings | 2025/03/31 |
| Annual Earnings | 2024/12/31 |
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 |
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| Management | 10 years |
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| 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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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 45 analysts. 15 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 |
| Amandeep Rakkar | Barclays |