New CFO at RBS Group

[private]The Royal Bank of Scotland Group plc (“RBS”) has announced the appointment of Mr Bruce Van Saun as Chief Financial Officer, with effect from 1st October 2009. Prior to today’s appointment, Bruce held a number of senior management positions in financial services and was most recently Chief Financial Officer of Bank of New York Mellon. Bruce’s appointment completes the restructuring of the Group’s senior management team. All nine members of the Group’s Executive Committee will be new to their posts within the last 17 months, seven since October of last year.

Stephen Hester, RBS Group Chief Executive said:

“ We are very pleased to have attracted Bruce to this important role in our new management team. His record across 24 years of financial services experience is impeccable. His significant restructuring and integration expertise will prove invaluable as we work towards rebuilding standalone strength.

“ This completes the extensive renewal of senior management at RBS and I am happy to have a high quality team assembled and hard at work so early in the RBS recovery plan.

“ I would also like to pay tribute to Guy Whittaker our retiring CFO. Guy has provided exemplary support to me in the huge changes needed over the last nine months. He will leave RBS with my best wishes.”[/private]