RBS appoints UK financial sponsors head

State-backed lender Royal Bank of Scotland has promoted Richard Roach (pictured) to managing director of its UK financial sponsors team.

Richard Roach, who was formerly sector head of manufacturing, industrials and construction at RBS, has been promoted to lead its financial sponsors team in the UK, the bank said in a statement.

Roach will report to Tim Boag, head of structured finance at the bank. His role will be to provide finance and banking products to private equity-owned businesses in the UK.

He has more than 30 years’ experience in banking having joined RBS in the 1980s, and has held several corporate banking roles both in London and the regions, the bank added.