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When Alison Rose became the first female chief executive of NatWest bank back in 2019, she vowed that “tackling climate change” would be her number one priority.
[…] Rose saw her role as primarily ideological rather than tediously financial. “Put simply,” she said, “tackling the climate emergency is one of, if not the biggest issue of our time – and banks have a massive role to play in mobilising the power of finance to meet the net zero ambition”.
On that very same day, the bank ended new loans for oil and gas extraction, a ruinous piece of virtue signalling which hampered the British people’s access to their own bountiful natural resources. Meanwhile, Norway, a country blessedly uncaptured by Marxist EDI – Equality, Diversity, Inclusion – zealots, is drilling like crazy in its part of the North Sea. (Guess which country the UK now buys half of its oil and gas supplies from at a cost of £40 billion a year? Green purity don’t come cheap, you know.)
Not that paying the gas bill is much of a concern for Dame Alison. Last year, her pay packet was £5.25 million, a big chunk of that courtesy of the taxpayer, who owns 39 per cent of NatWest (and thus Coutts) since its bailout during the 2008 financial crisis.
But why? Did Ms. Rose get confused and think she joined Greenpeace instead of a bank? Nobody knows what this woman was thinking, but it’s clear that she was paid millions a year to push a far-left radical political agenda instead of tending to the needs of the bank and its customers. Now, after making a mess of everything, people are calling for Ms. Rose, the first female chief executive, to be fired. This follows a sad and destructive pattern of unprofessional women who don’t understand their job duties and think they were hired as political activists rather than as “executives” and “marketing managers.” Just look at what happened at Bud Light when a team of women were left to their own devices; the company is now on the brink of collapse.
Natwest deputy CEO Alison Rose launches the first female-only crowdfunding scheme that is designed to help create an additional 65,000 new female led businesses by 2025.
https://t.co/FGN6Mkbfrm via @telegraphnews
— Claire Davaine Nouira (@clairedavaine) March 27, 2019
— Jill Saville ?? ??? (@JillSaville1) March 5, 2020
WOKE BOSS WHO DESTROYED COUTTS & NATWEST
Dame Alison Rose: the bank boss who steered Coutts’ diversity drive. The chief executive of NatWest has overseen a pivot towards saving the planet and LGBT rights since taking the helm https://t.co/jILqPaq6lj
— King Arthur (@Antipolluters) July 19, 2023
Rose was blatantly hired by NatWest in the first place for her gender, not merit.
Dame Alison Marie Rose-Slade DBE (née Rose; born November 1969) is a British banker, and chief executive (CEO) of NatWest Group since November 2019. She became the first woman to lead a major UK lender after leading government investigations into the poor representation of women in business. She became a Dame Commander of the Order of the British Empire in 2023.
So, why all the attention on Ms. Rose right now? Well, it’s mainly thanks to her scandalous “de-banking” of popular conservative figure Nigel Farage.
In July 2023, Rose was accused of holding ultimate responsibility for a controversial decision to close Nigel Farage’s bank accounts at Coutts. Documents disclosed by Farage following his submission of a subject access request showed that the decision by the bank’s Wealth Reputational Risk Committee to close his accounts, according to the 40-page dossier, was partly because his views were not compatible with the bank’s “values or purpose”. The dossier revealed that Farage had his politically exposed person (PEP) status downgraded in 2022, however his status was reupgraded again in 2023. The dossier also revealed that Farage’s bank account met their viability conditions in 2022 but no longer did in 2023 after he paid off a mortgage loan and had his PEP status upgraded again. In a front page story on 20 July, The Daily Telegraph also reported that Rose had dined with Simon Jack of the BBC on the evening before he had published an article claiming that the decision had been “for commercial reasons”. Peter Bone MP and David Jones MP were reported as calling for Rose to resign.
Now Ms. Rose has desperately apologized to Farage in a last-ditch attempt to keep her head:
Now, in a desperate attempt to stem the furore over Nigel Farage and his closed accounts at Coutts, she has emailed him to apologise. But fine words butter no parsnips. Dame Alison must resign.
A friend who used to be extremely senior at Coutts, and still keeps in touch with former colleagues, says that the scandal over the private bank terminating Nigel Farage’s account was “depressingly inevitable. The forces of woke have wrought havoc there,” he says, “The trouble is members of staff are bullied into compliance with these ‘progressive’ edicts.”
My friend is appalled at the naivety and delusions of the present executives. “These people think they are invulnerable and have little awareness of the outside world. They talk to themselves and listen only to sycophants who will never gainsay them. If what they are said to have done to Farage is accurate it’s disgustingly disgraceful. I’m ashamed of what the bank has become.”
Apparently, Ms. Rose is a proud graduate of the UN and World Economic Forum’s “ESG University,” where environmental social governance is the order of the day, not silly “banking stuff.”
Coutts are at stage 2 of Female CEO Syndrome:
1) Corporation installs 1st female CEO
2) Remakes entire business according to politics of the day
4) Profit/revenue warnings within 5 years
4) Bullys other women to cover tracks
5) Blames toxic masculinityhttps://t.co/3RihGQj2qB
— Holsten Wolstencroft (@heathenstanley) July 19, 2023
Here’s what one person familiar with this particular bank had to say:
“Basically, if you’re a brilliant white boy who went to a good school, forget it,” claims one hugely successful banker, a white man who went to a great school, natch. “They’d genuinely rather have a less qualified ethnic minority who can’t even compose an email to the clients because it helps with their ESG Rating.”
ESG stands for Environmental, Social and Governance, typically referring to policies that prioritise long-term environmental and social sustainability when making investments and other banking decisions. ESG can include social issues regarding diversity, equity, and inclusion plus the inevitable climate change.
And that leads us straight back to Farage:
The 40-page dossier which Coutts compiled on Farage reads like the infantile scribbling of a politically-aggrieved students’ union rather than the thoughtful conclusion of mature bankers who know that their job is giving their clients good service and treating them fairly while making money for shareholders.
The bank’s Wealth Reputational Risk Committee admitted that the ex-Ukip leader was a commercially viable customer, but there is something a bit whiffy about him, don’t you know, something that might offend the delicate and inclusive nostrils of Dame Alison. Farage is considered “racist” and “xenophobic”, apparently because he retweeted a Ricky Gervais joke. Disgracefully, the report states he is a “disingenuous grifter”. A subjective character judgment which belongs in fiction not business.
So, the real question now is, Why are banks and financial institutions under the control of these self-righteous and quasi-Communist ideologies that seems to literally despise many of their clients? The Telegraph piece answers that question quite well:
One of the UK’s most senior bankers tells me he prefers to call it DIE. “As in so many parts of our society, the religion of DIE (EDI) is pervasive. In the corporate world, CEOs have Stockholm Syndrome or they are just weak and are told by their DIE officers that they need to sign up to this stuff or their customers (particularly the young ones) will go elsewhere. It’s the same with ESG. It is all b——- (if that is not now considered a misogynist term!). Hopefully, we have reached peak b——-.”
Let’s hope that this incident with Nigel Farage serves as an eye-opener and a wake-up call for many people to see what’s truly happening before it’s too late.
Read the full piece from The Telegram.