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.
Lammily: Barbie-like doll hits Kickstarter fundraising target in a day
Belle Knox: How the porn star student from Duke University became bigger than Justin Bieber
Top 10 most expensive cities in the world: Singapore named costliest place to live – but what about London?
Oscar Pistorius trial: Neighbour feared athlete would use gun that killed his girlfriend Reeva Steenkamp to shoot himself
Channel 4 announces two-hour TV show to be broadcast 'Live from Space' later this month
Apple's Tim Cook: Business isn’t just about making profit
Thousands of young people forced to go without food after benefits wrongly stopped under 'draconian' new sanctions regime
Ukraine crisis: New navy chief 'defects' and surrenders Crimean HQ as Putin claims ultranationalists forced intervention
Britain's top vet sparks controversy with call for ban on slashing animals' throats in 'ritual' slaughters for halal and kosher meat products
Ukraine crisis: Russia dismisses '3am ultimatum' as 'total nonsense'
If you're horrified by a flame-roasted dog, you should be shocked at a hog roast
- 3 Channel 4 announces two-hour TV show to be broadcast 'Live from Space' later this month
- 4 Man stabbed with Legend of Zelda Master Sword in serious condition
- 5 Study suggests that 'gaydars' are real - at least for women
iJobs Money & Business
£32000 - £36000 per annum + generous benefits: Pro-Recruitment Group: * TAX * ...
£37000 - £40000 per annum + £20000 benefits package: Pro-Recruitment Group: **...
£30000 - £35000 per annum + generous benefits: Pro-Recruitment Group: Mixed Ta...
£30000 - £40000 per annum + benefits: Pro-Recruitment Group: Personal Tax, FTS...