Begbie has been chief executive of NatWest Markets on an interim basis since 19 December.
King – former chief executive of MUFG Securities EMEA – will join the NatWest Markets board as executive director and will start his new role over the course of this summer, RBS said. He will replace interim chief financial officer Robert Horrocks.
The Edinburgh-headquartered bank also announced that Donal Quaid, interim group treasurer since December 2019, had been appointed group treasurer.
Alison Rose, chief executive of RBS, said: “We’re very pleased to make these appointments. When I took over as CEO, re-focusing NatWest Markets was one of my top priorities, and our work here is well underway to deliver against the strategy set out in February.
“These appointments will allow us to continue the transformation and refocusing process across NatWest Markets that we announced in February and establish a business that delivers even greater benefits for our bank and our customers. NatWest Markets plays a crucial role within the group.”
Begbie added: “NatWest Markets has an important role within the group. We have made considerable progress in refocusing the business following the strategic announcement in February and we will continue to build upon this.”
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