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Royal Bank of Scotland has announced that chief executive Ross McEwan has resigned. The company says he will remain in his position until a successor has been appointed and an “orderly handover” has taken place. Mr McEwan says he has delivered the strategy he set out in 2013 and “now feels like the right time” to step aside,” with much of the bank’s restructuring completed to put it on a “strong and profitable footing”. Chairman Sir Howard Davies says Mr McEwan has “worked tirelessly” to make the bank stronger and safer and played a central role in “delivering a return to profitability”.
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