Monday 27 May 2013

Royal Bank of Scotland Requires Diverse Supply Chain for Success

According to the head of procurement at RBS, Jonathan Sutherland, a diverse supply chain remains the key factor driving success at the bank. Mr.  Jonathan also noted that SMEs' participation is also vital for the bank's long term success mainly because the bank has most SME customers serving about 32% of the sector. This implies that the success of RBS is largely dependant on the success of these SMEs.  Jonathan described these companies as “growth makers".

“A healthy SME market is a healthy client base, which is a healthy RBS, so why would we not be [supporting SMEs through our supply chain]? There is a strategic imperative for us in this. For us it’s a case of strategy, not philanthropy,” as per Mr Jonathan.

Recently, RBS lost its global head of portfolio investment management and money markets after Neil Hookway announced that he would quit to join independent provider of advisory, software services and business consulting IT to the investment banking community, Rule Financial. Mr Hookway took over as the Domain Group's principal consultant. Previously, he has worked in the eurozone contingency preparation programme of RBS and will set his new post immediately.

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