![]() Haythornthwaite, who studied at both Queen’s College, Oxford and MIT, spent most of his career at BP, rising up the ranks to manage the largest oilfield in the North Sea, Magnus. His appointment has been approved by both the Treasury and the City watchdog, with the former confident that Haythornthwaite will be able to steady the ship at NatWest. It was later revealed that the private bank shut Farage’s accounts because his views did not align with the bank’s “values” and were at odds with its “position as an inclusive organisation”.ĭame Alison Rose, NatWest’s chief executive, was then forced to resign in July after admitting to being the source of an inaccurate BBC story that Farage’s Coutts account had been closed for commercial reasons. ![]() The row over his debanking began in June after Coutts, which is owned by NatWest, said it would close the former Brexit campaigner’s account with little notice. Such an approach will serve Haythornthwaite, 66, well in his new job as chairman of NatWest Group after the bank was plunged into a crisis over the botched closure of Nigel Farage’s accounts. If it’s something that is swimming against the tide of society, it’s for the society to rise up and change the law and then we can move on this.” He added that MasterCard was “very strong” on privacy. ![]() “If it is lawful, then we need to respect that transaction. He said: “From a philosophical standpoint… it is not our job to work out whether something is lawful or unlawful. ![]() Haythornthwaite acknowledged that it was a difficult issue, but stressed that the payments giant must follow the law when it came to transactions. At MasterCard’s annual general meeting in 2019, then-chairman Rick Haythornthwaite was asked why the company was not doing more to stop processing payments for far-Right hate groups. ![]()
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