Fred Goodwin

For other people with the same name, see Frederick Goodwin (disambiguation).

Fred Goodwin
FRSE FCIBS
Born
Frederick Anderson Goodwin

(1958-08-17) 17 August 1958 (age 66)
Paisley, Renfrewshire, Scotland
Occupation(s)Chartered accountant, businessman
Years active1983–2010
TitleCEO, RBS Group (2001–09)
Spouse
Joyce McLean
​
​
(m. 1990; sep. 2011)​
[1]
Children2

Frederick Anderson Goodwin FRSE FCIBS (born 17 August 1958)[2] is a Scottish chartered accountant[3] and former banker who was chief executive officer (CEO) of the Royal Bank of Scotland Group (RBS) between 2001 and 2009.

From 2000 to 2008, he presided over RBS's rapid rise to global prominence as the world's largest company by assets (£1.9 trillion),[4] and fifth-largest bank by stock market value[5] and its even more rapid fall as RBS was forced into effective nationalisation in 2008. On 11 October 2008, Goodwin officially announced his resignation as chief executive and an early retirement, effective from 31 January 2009 – a month before RBS announced that its 2008 loss totalled £24.1 billion, the largest annual loss in UK corporate history.[6]

From January 2010, he was employed as a senior adviser to RMJM, an international architecture firm. He left the position after less than a year.[7][8]

  1. ^ Armitstead, Louise (25 August 2011). "Former RBS chief Sir Fred Goodwin 'threatened staff with disciplinary action over biscuit'" – via www.telegraph.co.uk.
  2. ^ O'Grady, Sean (19 April 2008). "Sir Fred Goodwin: Shredded". The Independent. London. Archived from the original on 15 November 2017. Retrieved 20 May 2011.
  3. ^ "Sir Fred Goodwin: Shredded". The scotsman. London. 15 January 2010. Retrieved 29 December 2012.
  4. ^ RBS et mon droit: HM deficits FT Alphaville. Retrieved 20 January 2009.
  5. ^ Arnott, Sarah (14 October 2008). "The rise and fall of 'Fred the Shred' – Business Analysis & Features, Business". The Independent. London. Archived from the original on 22 November 2008. Retrieved 27 February 2009.
  6. ^ The Guardian, 26 February 2009, RBS record losses raise prospect of 95% state ownership
  7. ^ Goodley, Simon; O'Connor, Rebecca; Linklater, Magnus (16 January 2010). "'World's worst banker' Sir Fred Goodwin quietly returns to business". The Times. London. Archived from the original on 4 June 2011. Retrieved 16 January 2010.
  8. ^ Werdigier, Julia (21 October 2011). "For British Ex-Bankers, Life Beyond the Bailouts". The New York Times. Retrieved 21 October 2011.