Economy

RBS group finance director to step down

LONDON (AP) — The Royal Bank of Scotland says its group finance director will resign after spending less than three months in the role.

The bank said Nathan Bostock, who was appointed to the post on Oct. 1, informed the bank's board on Tuesday that he intends to resign. The bank said in a statement that Bostock will remain in his position to oversee the handover of his responsibilities to his successor. A candidate has not been announced.

Bostock was RBS's chief risk officer before taking up his new post. He replaced Bruce van Saun, who moved to the U.S. to head RBS's American subsidiary, Citizens, ahead of a stock market flotation. Neither the RBS nor Bostock gave a reason for the resignation.

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