Directorate Change

RNS Number : 0485X

Royal Bank of Scotland Group PLC

07 August 2009

 

Attn:     NEWS DESKS

            BUSINESS DESKS

For Immediate Release

7 August 2009

RBS completes overhaul of its senior management team by announcing the appointment of Bruce Van Saun as Chief Financial Officer

The Royal Bank of Scotland Group plc ('RBS') is pleased to announce the appointment of Mr Bruce Van Saun as Chief Financial Officer, with effect from 1st October 2009. Prior to today's appointment, Bruce held a number of senior management positions in financial services and was most recently Chief Financial Officer of Bank of New York Mellon. Bruce's appointment completes the restructuring of the Group's senior management team. All nine members of the Group's Executive Committee will be new to their posts within the last 17 months, seven since October of last year. 

Stephen Hester, RBS Group Chief Executive said:

' We are very pleased to have attracted Bruce to this important role in our new management team. His record across 24 years of financial services experience is impeccable. His significant restructuring and integration expertise will prove invaluable as we work towards rebuilding standalone strength.

' This completes the extensive renewal of senior management at RBS and I am happy to have a high quality team assembled and hard at work so early in the RBS recovery plan.

' I would also like to pay tribute to Guy Whittaker our retiring CFO. Guy has provided exemplary support to me in the huge changes needed over the last nine months. He will leave RBS with my best wishes.'

Notes to editors: 

Mr Van Saun will join RBS on 8th September, 2009 and will officially take on the responsibilities of CFO on 1st October, 2009. 

Mr Van Saun will be a member of the RBS main Board and the Group's Executive Committee.  

Recent Career 

2008-present     Adviser to US Private Equity companies

 

2007-8              Bank of New York Mellon

Vice Chairman & Chief Financial Officer

 

2006-7              Bank of New York

Vice Chairman, Asset Management & Market Related Businesses

 

1997-2006         Bank of New York

Chief Financial Officer & Vice Chairman (2005)

 

1994-1997         Deutsche Bank North America

Chief Financial Officer

Mr Van Saun is a US Citizen. He qualified as a CPA with Deloittes in 1981. 

Further Information

Neil Moorhouse, Group Media Centre

Telephone [phone] Mobile: [phone]

 

END

 

 

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