- Royal Bank of Scotland noted that outgoing chief executive Ross McEwan had been selected to take up the same role at National Australia Bank.

McEwan announced in April that he was leaving RBS.

The British bank said he had a 12-month notice period extending to April 2020 and would remain in position until a successor had been appointed and an orderly handover had taken place.

'We note today's announcement that Ross will take over as CEO of National Australia Bank and congratulate him on this appointment,' chairman Howard Davies said.

'The search for a successor remains ongoing and the effective date of Ross' departure will be confirmed in due course.'

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