Farage claims another scalp as Coutts boss quits
From our UK edition
Two down, one to go. Following the humiliating midnight departure of NatWest chief Alison Rose, Peter Flavel is the next banking boss to fall on his sword. Flavel, the chief executive of Coutts since 2016, this lunchtime announced his immediate departure from the luxury bank as it grapples with the fall out of the Nigel Farage scandal. Flavel said: In the handling of Mr Farage’s case we have fallen below the bank’s high standards of personal service. As CEO of Coutts it is right that I bear ultimate responsibility for this, which is why I am stepping down. Mohammad Kamal Syed, the head of Coutts’ asset management team, will step into the role of interim CEO of Coutts.