Royal Bank of Scotland has announced changes to its management team at its NatWest Markets arm, where Chris Marks and Richard Place have stepped down as chief executive and chief financial officer respectively.
An internal and external search is underway for successors with permanent appointments to be announced in due course, RBS said, with temporary appointments to fill the vacancies until then.
Alison Rose, chief executive of RBS, said: “The directors of RBS and NatWest Markets and I would like to thank Chris and Richard for their commitment and dedication to this bank, its staff and its clients. They have set the foundations for the continuing transformation and simplification across NatWest Markets as RBS has been re-shaped to focus on serving its customers in the UK and Ireland, whilst also managing complex organisational changes around ring-fencing and Brexit.
“NatWest Markets plays a crucial role within RBS, allowing us to provide our customers with the products and services they need to succeed.”