Nothing is easy over at RBS these days.
But it will be no easy selection process, as the Financial Times points out:
'But finalising the choice of chief executive within the next month will be difficult given the three-stage process involved: first, approval by the RBS board, then sign-off by the Treasury, and finally authorisation by regulators at the Prudential Regulation Authority and the Financial Conduct Authority.
'This is a three blackball process', said one close observer. 'That’s pretty unique in the world'.'
The runners and riders to replace Hester appear to be:
CFO Nathan Bostock
Rory Cullihan, head of the non-core businesses
Ross McEwan - head of retail
Chris Sullivan - head of corporate banking
Cameron Clyne - CEO National Australia Bank
Iain Mackay - Finance Director, HSBC
Richard Meddings - Finance Director, Standard Chartered
Long-shot - Justin King, CEO Sainsbury's