RBS CFO Stevenson quits

Royal Bank of Scotland has this morning announced that Ewen Stevenson has resigned from his role as chief financial officer and executive director to take up an opportunity elsewhere.

The Edinburgh-based bank said that the effective date of his departure will be confirmed in due course but he will remain in his position to oversee an orderly handover of his responsibilities.

The lender, which holds it AGM in Edinburgh today, said the search for his successor will commence immediately.

Previously Mr Stevenson had been tipped as a potential successor to Ross McKewan as RBS chief executive.

Mr McEwan said: “For the past four years Ewen has worked tirelessly with me and my executive team to make RBS a much simpler, safer and more customer focussed business and to resolve a number of major legacy challenges. When Ewen leaves RBS he will go with my enormous thanks and best wishes, he has been a fantastic CFO.”

RBS Chairman Howard Davies added: “The Board and I are sorry to learn that Ewen has decided to move elsewhere. He will go with our thanks for a job well done and our good wishes.”