Katie will join the bank next month and will take over from Rajan Kapoor, Financial Controller. Rajan has decided to retire after 27 years service with RBS.

Katie is currently Group Finance Director at Old Mutual Emerging Markets, based in Johannesburg. She has extensive international experience in all aspects of financial services and a strong track record in financial reporting.

Ewen Stevenson said: 'I am delighted to have someone of Katie's calibre appointed to this important role. She will be an excellent addition to my management team and I look forward to working with her.

'I would like to take this opportunity to thank Rajan for his leadership and dedication throughout his many years of service to the bank. Rajan is a highly valued and respected colleague and his wisdom, knowledge and insight have been invaluable to myself and all those who have worked with him.'

Rajan will remain with RBS until his retirement towards the end of first quarter 2016 to ensure a smooth transition.

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