Mathewson, George

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Name
Mathewson, George Gender: M
George Ross Mathewson
born on 14 May 1940 at 07:00 (= 07:00 AM )
Place Dunfermline, Scotland, 56n04, 3w29
Timezone GDT h1e (is daylight saving time)
Data source
Quoted BC/BR
Rodden Rating AA
Collector: Wright
Astrology data s_su.18.gif s_taucol.18.gif 23°17' s_mo.18.gif s_leocol.18.gif 15°16 Asc.s_gemcol.18.gif 28°35'



Biography

British businessman, best known for transforming the Scottish bank The Royal Bank of Scotland from a struggling regional player into a quasi global bank with parallels to Citigroup or HSBC.

Mathewson started his career as a lecturer at St Andrews University where he did a PhD, before moving to United States to work for Bell Aerospace as an engineer in Buffalo, New York (1967–72). He was attracted back to Scotland by the opening up of the North Sea to oil exploration and joined venture capital group 3i, then called Industrial and Commercial Finance Corporation (1972–81). He was chief executive of the state-funded economic regeneration organisation the Scottish Development Agency (1981–87). In this role Mathewson led initiatives including the creation of Silicon Glen - using state subsidies to help attract high-tech businesses to Scotland's central lowlands.

When Mathewson became RBS's chief executive in 1992 the bank had been severely weakened by bad debts arising from poor lending decisions, which had been exacerbated by the economic slowdown of the early 1990s. Mathewson restructured RBS's UK operations which included a tightening of credit controls. This earned him a reputation for ruthlessness but gave the bank a solid platform for growth. In 1998 RBS became the first ever Scottish company to make profits of more than £1 billion. He was knighted for services to Scottish business the following year.

The defining moment of Mathewson's career came with the £20 billion takeover of the much larger UK bank National Westminster Bank in February 2000.

Soon after the NatWest acquisition, Mathewson stepped down as RBS's CEO, handing the reins to his deputy Fred Goodwin, who assumed responsibility for integrating NatWest. Mathewson became executive deputy chairman of the enlarged RBS Group. He became chairman in May 2001 following the retirement of former Tory politician Lord George Younger.

Link to Wikipedia

Relationships

  • business associate/partner relationship with Younger, George Kenneth (born 22 September 1931). Notes: Succeeded Younger as RBS Chairman
  • opponent/rival/enemy relationship with Shaw, John (born 10 July 1932)
  • (has as) worker relationship with Goodwin, Fred (born 17 August 1958)

Events

  • Work : Great Achievement February 2000 (£20 billion NatWest Bank take-over)
    chart Placidus Equal_H.

Source Notes

Paul Wright quotes birth record

Categories

  • Vocation : Business : Banker/ Financier
  • Vocation : Business : Top executive (CEO Scottish Development Agency, Chairman RBS)
  • Vocation : Engineer : Aerospace
  • Notable : Awards : Knighted