RBS's finance chief to head Citizens unit
Royal Bank of Scotland is understood to have appointed its finance director, Bruce van Saun, to head its US arm, Citizens, ahead of its planned float.
The state-backed bank is thought to have lined up Nathan Bostock, Abbey National's former finance director, to replace Mr van Saun.
The changes are expected to be announced in the next few weeks, although the move is unlikely to happen until much later this year, while the plan could still be changed.
RBS declined to comment on reports of the proposed changes.
Mr Bostock is head of risk and restructuring at RBS, a position he has held since joining from Abbey National in June 2009.
Mr van Saun is an American who has been RBS's finance director since 2009, a role which has seen him leading the move to improve the bank's struggling balance sheet.
RBS was bailed out with £45bn of taxpayers' money in 2008. Having posted losses for much of the past four years, analysts say the bank is back on track.
- 4 Amal Clooney gives excellent response to fashion question at European Court of Human Rights
- 5 A bottle of wine a day is not bad for you and abstaining is worse than drinking, scientist claims
Saudi preacher who 'raped and tortured' his five -year-old daughter to death is released after paying 'blood money'
Michelle Obama highlights harsh restrictions faced by Saudi women after meeting King Salman without wearing a headscarf
Amal Clooney gives excellent response to fashion question at European Court of Human Rights
Isis publicly behead man in Syrian town square for 'insulting Allah' as he screams for help
One spelling error costs Companies House up to £9 million after being sued for ruining business
9 reasons Greece's experiment with the radical left is doomed to failure
'We would evict Queen from Buckingham Palace and allocate her council house,' say Greens
Greece elections: Syriza and EU on collision course after election win for left-wing party
British Muslim school children suffering a backlash of abuse following Paris attacks
British grandmother Lindsay Sandiford faces execution by firing squad in Indonesia
Liberal Democrat minister defends comments suggesting immigration causes pub closures
iJobs Money & Business
£13000 per annum: Recruitment Genius: This Pension Specialist was established ...
£23000 - £26000 per annum + Benefits: Ashdown Group: Market Research Executive...
£25000 - £35000 per annum: Recruitment Genius: A Technical Report Writer is re...
Competitive salary & benefits!: MBDA UK Ltd: MBDA UK LTD Indirect Procurement...