NatWest Group Management
Management criteria checks 3/4
NatWest Group's CEO is John-Paul Thwaite, appointed in Jul 2023, has a tenure of 1.5 years. total yearly compensation is £2.30M, comprised of 19.9% salary and 80.1% bonuses, including company stock and options. directly owns 0.011% of the company’s shares, worth $4.23M. The average tenure of the management team and the board of directors is 5.4 years and 6 years respectively.
Key information
John-Paul Thwaite
Chief executive officer
UK£2.3m
Total compensation
| CEO salary percentage | 19.9% |
| CEO tenure | 1.5yrs |
| CEO ownership | 0.01% |
| Management average tenure | 5.4yrs |
| Board average tenure | 6yrs |
Recent management updates
Recent updates
NatWest: 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 16NatWest Now Free To Be The Income Story Investors Want
Mar 04NatWest Group: Latest Irish Exit Clears The Path For Medium-Term Upside
Jan 03NatWest Still Has Some Upside Left As Capital Returns Ramp Up
Aug 18NatWest Group: Stay Bullish Heading Into The Upcoming Earnings Report
Jul 25CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| 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 ($USD2.84M) is below average for companies of similar size in the US market ($USD12.74M).
Compensation vs Earnings: Insufficient data to compare John-Paul's compensation with company performance.
CEO
John-Paul Thwaite (53 yo)
1.5yrs
Tenure
UK£2,299,942
Compensation
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Group CEO & Executive Director | 1.5yrs | UK£2.30m | 0.011% $ 4.2m | |
| Group CFO & Executive Director | 6.3yrs | UK£2.94m | 0.0068% $ 2.6m | |
| Group Chief Operating Officer | less than a year | no data | no data | |
| Chief Accountant | no data | no data | no data | |
| Group Chief Information Officer | 2.3yrs | no data | no data | |
| Director of Investor Relations | no data | no data | no data | |
| Chief Governance Officer & Company Secretary | 5.4yrs | 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 | 15yrs | no data | no data | |
| Head of Real Estate Finance - North West England | 9.5yrs | no data | no data |
5.4yrs
Average Tenure
52yo
Average Age
Experienced Management: NWG's management team is seasoned and experienced (5.4 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Group CEO & Executive Director | 1.5yrs | UK£2.30m | 0.011% $ 4.2m | |
| Group CFO & Executive Director | 6yrs | UK£2.94m | 0.0068% $ 2.6m | |
| Head of RBS Americas | 11.3yrs | UK£992.00k | no data | |
| Independent Non-Executive Director | 8.7yrs | UK£279.00k | 0.00016% $ 62.4k | |
| Independent Non-Executive Director | 4.8yrs | UK£163.00k | 0.00045% $ 175.4k | |
| Independent Chairman | less than a year | no data | 0.00011% $ 42.9k | |
| Senior Independent Director | 7.8yrs | UK£209.00k | 0.00076% $ 296.3k | |
| Board Observer | no data | no data | no data | |
| Independent Non-Executive Director | 6.6yrs | UK£222.00k | 0.00034% $ 132.5k | |
| Independent Non-Executive Director | 1.8yrs | UK£144.00k | 0.00010% $ 39.0k | |
| Independent Non-Executive Director | 7yrs | UK£289.00k | 0.00044% $ 171.5k | |
| Independent Non-Executive Director | 2.3yrs | UK£124.00k | 0.00020% $ 78.0k |
6.0yrs
Average Tenure
65yo
Average Age
Experienced Board: NWG's board of directors are considered experienced (6 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/08 11:56 |
| End of Day Share Price | 2025/01/08 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
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 here.
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 .
Analyst Sources
NatWest Group plc is covered by 50 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 |
|---|---|
| David Grinsztajn | AlphaValue |
| Arturo de Frias Marques | Banco Santander |
| Thomas Andrew Rayner | Barclays |