Daily Archives: February 9, 2009

Jim Pickard

Stephen Hester, the new chief executive of Royal Bank of Scotland, is widely seen as the best man for the job of clearing up the mess left by his predecessor Sir Fred Goodwin. Both men are set to appear in front of the Treasury select committee during hearings on Tuesday and Wednesday; as are other bank bosses.

But Hester’s legacy at British Land - where he was chief exec until last year - is not so perfect, however, as we have written before. Later this week the company will announce an emergency rights issue and sell off assets to ensure its survival during a broader real estate downturn.