RBS deputy CEO leaves bank

Departure

Royal Bank of Scotland’s Chris Sullivan, the deputy chief executive officer whose evidence to Parliament was criticized by legislators, has left the bank.

Bloomberg News reports that Sullivan, 57, departed Britain’s largest taxpayer-owned lender on December 31, a spokeswoman for the bank said by telephone.

RBS said in February he would retire in 2015 after helping to oversee the restructuring of the bank. Sullivan couldn’t be reached for comment through the bank.

CEO Ross McEwan, 57, is seeking to shrink assets and cut costs to help boost profits and return the 80% taxpayer-owned lender to full private ownership.

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RBS Deputy Chief Executive Officer Chris Sullivan Leaves Bank

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