RBS plans sweeping management changes

New CEO Ross McEwan plans to appoint acting retail business chief Les Matheson to the role permanently, reports the FT, and is hoping to name a new finance head by the end of this month. Philip Broadley - who just stepped down from the CFO job at Old Mutual - is among those on the shortlist, according to sources.

The hunt for a finance chief could be complicated by four other large U.K. financials searching for the same. Being state-owned and with such intense focus on the bank's pay, RBS could be at a particular disadvantage.

Other changes could include a new appointment to the SME business which has been under pressure of late.

RBS -0.8% in London action

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