Stephen Hester: Difference between revisions
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Hester began his career in 1982 with [[Credit Suisse]], where he started as chairman’s assistant.<ref name="Times1"/> In 1996 he became the bank’s youngest-ever managing director, and was appointed to the executive board. Hester held the position of Chief Financial Officer and Head of Support Division, until May 2000. From May 2000 to September 2001, he was Head of Fixed Income Division. |
Hester began his career in 1982 with [[Credit Suisse]], where he started as chairman’s assistant.<ref name="Times1"/> In 1996 he became the bank’s youngest-ever managing director, and was appointed to the executive board. Hester held the position of Chief Financial Officer and Head of Support Division, until May 2000. From May 2000 to September 2001, he was Head of Fixed Income Division. |
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In May 2002 he joined [[Abbey National]] as Finance Director. He then went on to become Chief Operating Officer, a position he held until November 2004, when he was appointed Chief Executive of [[British Land]]. In early 2007, eight months before British Land and others [[REIT]]'s were caught in the commercial property slump, he said: "I don't believe we are about to see a market decline, but the period of sharp growth is over."<ref>{{citeweb|url=http://www.guardian.co.uk/business/2008/oct/13/rbs-stephen-hester|title=Profile: Stephen Hester|publisher=The Guardian|date=2008-10-13|accessdate=2008-10-13}}</ref> |
In May 2002 he joined [[Abbey National]] as Finance Director. He then went on to become Chief Operating Officer, a position he held until November 2004, when he was appointed Chief Executive of [[British Land]]. In early 2007, eight months before British Land and others [[REIT]]'s were caught in the commercial property slump, he said: "I don't believe we are about to see a market decline, but the period of sharp growth is over."<ref>{{citeweb|url=http://www.guardian.co.uk/business/2008/oct/13/rbs-stephen-hester|title=Profile: Stephen Hester|publisher=The Guardian|date=2008-10-13|accessdate=2008-10-13}}</ref> Hester was appointed non-executive deputy chairman of the newly-nationalised [[Northern Rock]] by [[Chancellor]] [[Alastair Darling]] in March 2008.<ref>{{citeweb|url=http://uk.reuters.com/article/Internal_ReutersCoUkService_12/idUKNOA84083920080218|title= Stephen Hester appointed to Northern Rock board|publisher=Reuters|date=2008-02-18|accessdate=2008-10-13}}</ref> |
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On [[13 October]], 2008 it was announced that Hester would be the new Chief Executive of [[Royal Bank of Scotland]], replacing [[Fred Goodwin]]. |
On [[13 October]], 2008 it was announced that Hester would be the new Chief Executive of [[Royal Bank of Scotland]], replacing [[Fred Goodwin]]. |
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Stephen Hester (born December 14, 1960), is the Chief Executive Officer of British Land. He is due to take over from Fred Goodwin as CEO of Royal Bank of Scotland.
Biography
Hestor is the eldest son of an Oxford University don. He was educated at Easingwold School in North Yorkshire, and an Oxford comprehensive school.[1] He studied at Lady Margaret Hall, Oxford, and after chairing the Tory Reform Group, graduated with a first class honours degree in politics, philosophy and economics.[1]
Career
Hester began his career in 1982 with Credit Suisse, where he started as chairman’s assistant.[1] In 1996 he became the bank’s youngest-ever managing director, and was appointed to the executive board. Hester held the position of Chief Financial Officer and Head of Support Division, until May 2000. From May 2000 to September 2001, he was Head of Fixed Income Division.
In May 2002 he joined Abbey National as Finance Director. He then went on to become Chief Operating Officer, a position he held until November 2004, when he was appointed Chief Executive of British Land. In early 2007, eight months before British Land and others REIT's were caught in the commercial property slump, he said: "I don't believe we are about to see a market decline, but the period of sharp growth is over."[2] Hester was appointed non-executive deputy chairman of the newly-nationalised Northern Rock by Chancellor Alastair Darling in March 2008.[3]
On 13 October, 2008 it was announced that Hester would be the new Chief Executive of Royal Bank of Scotland, replacing Fred Goodwin.
Personal life
Hester and his wife, a fellow banker, have two children. The family live in Holland Park, West London.
Hester enjoys tennis, running, shooting and skiing, which for the later he owns a chalet in Verbier, Switzerland. Hester also enjoys horse riding, as his wife is a master of fox hounds in Warwickshire: "it’s very important to keep our marriage together that I do the same as she does."[1]
His passion is the garden and development of its arboretum, attached to his Oxfordshire home. Designed by landscape architect Tom Stewart-Smith, the 350acre estate includes pleached limes and formal beds, and five of the first batch of Australian Wollemi pines ever to be brought into the UK.[1]
References
- ^ a b c d e Davidson, Andrew (2007-01-07). "Towering task for British Land boss". The Sunday Times. Retrieved 2008-10-13.
- ^ "Profile: Stephen Hester". The Guardian. 2008-10-13. Retrieved 2008-10-13.
- ^ "Stephen Hester appointed to Northern Rock board". Reuters. 2008-02-18. Retrieved 2008-10-13.