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The Guardian - UK
The Guardian - UK
Business
Jon Ungoed-Thomas

New NatWest boss worked for oil firm under investigation in ‘world’s biggest financial scandal’

Rick Haythornthwaite.
Rick Haythornthwaite, the new chairman of NatWest bank. Photograph: NatWest

The new chairman of NatWest is facing scrutiny over his former role with international oil group PetroSaudi, which is embroiled in one of the world’s biggest financial scandals.

City veteran and former MasterCard boss Rick Haythornthwaite worked for PetroSaudi International (UK) Ltd, the oil group’s British arm, for eight years, earning £200,000 a year.

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