By Adria Calatayud 
 

Royal Bank of Scotland Group PLC (RBS.LN) said Thursday that Chief Executive Ross McEwan has stepped down from his role.

The U.K. lender said Mr. McEwan has a 12-month notice period and will remain in his position until a successor has been found. RBS said a search for a successor will start immediately. The effective date for Mr. McEwan's departure will be confirmed in due course, the bank said.

"With much of the restructuring done and the bank on a strong and profitable footing, I have delivered the strategy that I set out in 2013 and now feels like the right time for me to step aside and for a new CEO to lead the bank," Mr. McEwan said.

 

Write to Adria Calatayud at adria.calatayudvaello@dowjones.com

 

(END) Dow Jones Newswires

April 25, 2019 02:26 ET (06:26 GMT)

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