RBS hires crypto exec to be CEO of its digital bank

Marieke Flament

NatWest Holdings, a subsidiary of Royal Bank of Scotland Group, said on Tuesday it appointed Marieke Flament as the first chief executive officer of Mettle, its new digital-only bank for small businesses.

Flament previously worked as European managing director at Circle, which offers individuals and institutions a platform to trade and make payments using cryptocurrencies.

Circle was founded in 2013 and has raised $246 million from Goldman Sachs, CICC, Baidu, IDG, CreditEase, Bitmain, Breyer Capital, General Catalyst and Accel.

Flament said “… there is a huge opportunity for disruption in SME digital banking …

“Insight and feedback garnered during the pilot stage have shown that we are in a very strong position to capitalise on this opportunity through Mettle.”

Alison Rose, deputy chief executive of NatWest Holdings and head of commercial and private banking at RBS, said Flament has “knowledge of adapting to a constantly evolving tech landscape.”