RBS appoints Katie Murray as interim chief financial officer

Mr Stevenson, who resigned from the post at the end of May, will step down from the Board and cease to be CFO on 30 September 2018.

Ms Murray, currently deputy CFO, will be appointed interim CFO on 1 October 2018 pending the recruitment of a replacement for Mr Stevenson.

Mr Stevenson will be on gardening leave until his employment with RBS ceases on 30 November 2018, and will receive his salary, fixed share allowance, pension and benefit funding until then.

However, he will not receive any compensation or remuneration for loss of office in line with “his contractual arrangements and the circumstances of his departure”, the bank said.