Fred Goodwin

Who is Fred Goodwin?

Frederick Anderson "Fred" Goodwin, FRSE FCIBS is a Scottish chartered accountant and former banker who was CEO of the Royal Bank of Scotland Group 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, and fifth-largest bank by stock market value 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.

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.

Goodwin's knighthood, awarded in 2004 for "services to banking", was "cancelled and annulled" on 1 February 2012.