50 Stephen Hester
CEO - Royal Bank of Scotland
State ownership under the new Conservative-Liberal Democatic regime doesn't seem to be inhibiting RBS' Stephen Hester, CEO of The Royal Bank of Scotland Group. RBS has emerged from the UK credit crisis, after substantial direct equity capitalisation by the UK Government with one of the highest Tier 1 ratios of all Eurosystem banks, and this leaves Hester in a quite comfortable position to provide for the bank's recovery. It demonstrated this recently, for example, in the aviation leasing sphere, revealing itself as the buyer of 95 Airbus and Boeing aircraft (valued at $8 billion) at the aviation industry's annual show at Farnborough in July 2010.