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Royal Bank of Scotland CEO Ross McEwan resigns from role

Key Points
  • McEwan has a 12 month notice period and will remain in his position until a successor has been appointed and an orderly handover has taken place, RBS says.
Chief Executive Officer of the Royal Bank of Scotland Ross McEwan.
Dan Kitwood | Getty Images

Royal Bank of Scotland plc said on Thursday that Chief Executive Ross McEwan has resigned from his role.

McEwan has a 12 month notice period and will remain in his position until a successor has been appointed and an orderly handover has taken place, the bank said.

Thee date of his departure will be confirmed in due course.

"After over five and a half very rewarding years, and with the bank in a much stronger financial position it is time for me to step down as CEO," he said in a statement.

"It has been a privilege to lead this great bank and to have worked with some really outstanding people in process."

RBS is hosting its annual general meeting on Thursday.