News Column

RBS Citizens Chairman and CEO to Retire

May 9, 2013

RBS Citizens Financial Group announced Thursday that its Chairman and CEO, Ellen Alemany, will retire from RBS in September.

Current RBS Group Finance Director Bruce Van Saun will succeed her as chairman and CEO of the bank holding company that serves consumers as Citizens Bank and Charter One and corporate customers as RBS Citizens, RBS Citizens Financial announced. Under a succession plan established last summer, Van Saun will also succeed Alemany as head of RBS Americas.

"We thank Ellen for her hard work and dedication on behalf of Citizens Bank, Charter One and RBS Citizens colleagues and customers," said Stephen Hester, group chief executive of RBS Citizens Financial Group's parent, the Royal Bank of Scotland.

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Source: Copyright Providence Journal (RI) 2013