RBS Completes Management Shakeup

LONDON (AP) — Royal Bank of Scotland Group PLC named three new senior executives on Wednesday to complete a management shakeup at the part-nationalized bank, marking the end of the era of heavily criticized former CEO Fred Goodwin.

RBS, which was rescued in a taxpayer-funded bailout late last year, said that Australia and New Zealand Banking Group executive Brian Hartzer will takeover responsibility from Gordon Pell for the bank's U.K. retail, wealth and Ulster Bank divisions. Pell will continue as deputy chief executive of the bank throughout the transition period until his previously announced retirement early next year.

The bank had announced on Tuesday that finance director Guy Whittaker would step down in October, allowing time to find a replacement. ...