RBS.L Regulatory News (RBS)

The Royal Bank of Scotland Group plc ("RBS")

RBS announces it has reached agreement with Rory Cullinan, Executive Chairman of its Corporate and Institutional Bank, that he will leave the company. To ensure an effective transfer of responsibilities he will remain with the Bank until the 30th April 2015.

Ross McEwan, RBS CEO said: "We would like to express our thanks to Rory for his very significant contribution to the rebuild of RBS over the past 6 years. He has built and led APS, Non-Core, RCR and recently completed the very successful follow-on sale of Citizens post its IPO last year. We wish him every success in the future."

Rory Cullinan commented: "I am pleased and proud to have played a significant part in restoring RBS to a safe and sound agenda over the past 6 years. I wish all my colleagues continued success."

Chris Marks, CEO of CIB, and Mark Bailie, CEO of Capital Resolution, will now join the bank Executive Committee as Co-CEOs of Corporate & Institutional Banking.

The above appointments are subject to regulatory approval.

RBS Media Relations

+44 (0)131 523 4205