Shows & Panels
- AFCEA Answers
- Ask the CIO
- The Big Data Dilemma
- Carrying On with Continuity of Operations
- Connected Government
- Constituent Servicing
- Continuous Monitoring: Tools and Techniques for Trustworthy Government IT
- The Cyber Imperative
- Cyber Solutions for 2013 and Beyond
- Expert Voices
- Federal Executive Forum
- Federal IT Challenge
- Federal Tech Talk
- Mission-critical Apps in the Cloud
- The Path from Legacy Systems
- The Real Deal on Digital Government
- The Reality of Continuous Monitoring... Is Your Agency Secure?
- Veterans in Private Sector: Making the Transition
Shows & Panels
RBS names Van Saun CEO of US business Citizens
Thursday - 5/9/2013, 11:20am EDT
LONDON (AP) -- The Royal Bank of Scotland says it has named Bruce Van Saun chief executive of Citizens Bank, its U.S. business, ahead of its expected partial stock market flotation.
Van Saun, currently RBS's finance director, will replace Ellen Alemany, who is retiring after more than six years. Nathan Bostock, currently RBS's chief risk officer, will replace Van Saun.
RBS CEO Stephen Hester says 55-year-old Van Saun, who is originally from New Jersey, will lead Citizens in the run-up to the anticipated flotation.
Regulators have been pressuring for the Citizens sale as RBS tries to return to private ownership following a government bailout in 2008.
But Investec analyst Ian Gordon says RBS is merely buying time and that a Citizens sale is years away.
Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.