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.
- 1 'Alien thigh bone' on Mars: Excitement from alien hunters at 'evidence' of extraterrestrial life
- 2 Mother fed her daughter tapeworms to make her skinny for pageant
- 3 Crystal Palace next manager latest: Palace consider Ally McCoist - EXCLUSIVE
- 4 Richard Dawkins on babies with Down Syndrome: 'Abort it and try again – it would be immoral to bring it into the world'
- 5 ALS ice bucket challenge co-founder Corey Griffin drowns, aged 27
'Alien thigh bone' on Mars: Excitement from alien hunters at 'evidence' of extraterrestrial life
West poised to join forces with President Assad in face of Islamic State
Pamela Anderson rejects ice bucket challenge because of ALS experiments on animals: 'Mice had holes drilled into their skulls'
James Foley 'beheaded': Isis video shows militant with British accent 'execute US journalist' – as hunt begins for killer
ALS ice bucket challenge co-founder Corey Griffin drowns, aged 27
Richard Dawkins on babies with Down Syndrome: 'Abort it and try again – it would be immoral to bring it into the world'
Scottish independence: English people overwhelmingly want Scotland to stay in the UK
Isis threat: Cameron wants an alliance with Iran
Michael Brown shooting: Chaos erupts on the streets of Ferguson after autopsy shows teenager was shot six times – twice in the head
Disgusting, frustrating, but intriguing: how the country really feels about its politicians
Bin bag full of cats' heads discovered near Manchester's Curry Mile
iJobs Money & Business
£30000 - £45000 per annum: Harrington Starr: A global investment management fi...
£65000 - £75000 per annum: Harrington Starr: Senior Network Engineer-(CCIE, CC...
£70000 - £80000 per annum: Harrington Starr: Senior Network Analyst - (CCIE, C...
£60000 - £80000 per annum: Harrington Starr: Senior Network Engineer-(Design, ...