Blueprint
FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
Washington D.C. 20549
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16
of the Securities Exchange Act of 1934
For
April 25, 2019
Commission
File Number: 001-10306
The
Royal Bank of Scotland Group plc
RBS,
Gogarburn, PO Box 1000
Edinburgh
EH12 1HQ
(Address
of principal executive offices)
Indicate
by check mark whether the registrant files or will file annual
reports under cover of Form 20-F or Form 40-F.
Form
20-F X Form 40-F
___
Indicate
by check mark if the registrant is submitting the Form 6-K in paper
as permitted by Regulation S-T Rule 101(b)(1):_________
Indicate
by check mark if the registrant is submitting the Form 6-K in paper
as permitted by Regulation S-T Rule 101(b)(7):_________
Indicate
by check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information
to the Commission pursuant to Rule 12g3-2(b) under the Securities
Exchange Act of 1934.
Yes ___
No X
If
"Yes" is marked, indicate below the file number assigned to the
registrant in connection with Rule 12g3-2(b): 82-
________
The following information was issued as Company announcements
in London, England and is furnished pursuant to General Instruction
B to the General Instructions to Form
6-K:
The Royal Bank of Scotland Group plc
Director Change
RBS announces that Ross McEwan has resigned from his role as Chief
Executive Officer (CEO) and Executive Director.
Ross has a 12 month notice period and will remain in his position
until a successor has been appointed and an orderly handover has
taken place. The effective date of his departure will be confirmed
in due course.
Chairman Howard Davies said:
"For the past five and a half years Ross has worked tirelessly to
make the bank stronger and safer and played the central role in
delivering a return to profitability and dividend payments to
shareholders. The Board and I are grateful for the huge
contribution Ross has made in one of the toughest jobs in banking.
His successful execution of the strategy to refocus the bank back
on its core markets here in the UK and Ireland has helped to
deliver one of the biggest UK corporate turnarounds in history. RBS
is now well positioned to succeed in the future in what is a
rapidly evolving landscape for the banking sector. We will be
conducting an internal and external search for his successor, which
will start immediately."
CEO Ross McEwan added:
"After over five and a half very rewarding years, and with the bank
in a much stronger financial position it is time for me to step
down as CEO. It has been a privilege to lead this great bank and to
have worked with some really outstanding people in the process. It
is never easy to leave somewhere like RBS. However with much of the
restructuring done and the bank on a strong and profitable footing,
I have delivered the strategy that I set out in 2013 and now feels
like the right time for me to step aside and for a new CEO to lead
the bank. I'd like to thank the Board, shareholders and UKGI for
the support they have shown me during my time at the bank and our
colleagues for the remarkable job in turning this bank
around".
Investor Relations
Alexander Holcroft
Head of Investor Relations
+44 (0) 207 672 1758
RBS Media Relations
+44 (0) 131 523 4205
Forward-looking statements
This document contains forward-looking statements within the
meaning of the United States Private Securities Litigation Reform
Act of 1995, including (but not limited to) those related to RBS
and its subsidiaries' regulatory capital position and requirements,
financial position, future pension funding and contribution
requirements, ongoing litigation and regulatory investigations,
profitability and financial performance (including financial
performance targets), structural reform and the implementation of
the UK ring-fencing regime, the implementation of RBS's
restructuring and transformation programme, impairment losses and
credit exposures under certain specified scenarios, increasing
competition from new incumbents and disruptive technologies and
RBS's exposure to political risks, operational risk, conduct risk,
cyber and IT risk and credit rating risk. In addition,
forward-looking statements may include, without limitation, the
words 'expect', 'estimate', 'project', 'anticipate', 'commit',
'believe', 'should', 'intend', 'plan', 'could', 'probability',
'risk', 'Value-at-Risk (VaR)', 'target', 'goal', 'objective',
'may', 'endeavour', 'outlook', 'optimistic', 'prospects' and
similar expressions or variations on these expressions. These
statements concern or may affect future matters, such as RBS's
future economic results, business plans and current strategies.
Forward-looking statements are subject to a number of risks and
uncertainties that might cause actual results and performance to
differ materially from any expected future results or performance
expressed or implied by the forward-looking statements. Factors
that could cause or contribute to differences in current
expectations include, but are not limited to, legislative,
political, fiscal and regulatory developments, accounting
standards, competitive conditions, technological developments,
interest and exchange rate fluctuations and general economic
conditions. These and other factors, risks and uncertainties that
may impact any forward-looking statement or RBS's actual results
are discussed in RBS's UK 2018 Annual Report and Accounts (ARA).
The forward-looking statements contained in this document speak
only as of the date of this document and RBS does not assume or
undertake any obligation or responsibility to update any of the
forward-looking statements contained in this document, whether as a
result of new information, future events or otherwise, except to
the extent legally required.
MAR - Inside Information
This announcement contains information that qualified or may have
qualified as inside information for the purposes of Article 7 of
the Market Abuse Regulation (EU) 596/2014 (MAR). For the
purposes of MAR and Article 2 of Commission
Implementing Regulation (EU)
2016/1055, this announcement is made by Alexander Holcroft, Head of
Investor Relations for The Royal Bank of Scotland
Group.
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Legal Entity Identifier
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The Royal Bank of Scotland Group plc
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2138005O9XJIJN4JPN90
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The Royal Bank of Scotland plc
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549300WHU4EIHRP28H10
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National Westminster Bank Plc
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213800IBT39XQ9C4CP71
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Date: 25
April 2019
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THE
ROYAL BANK OF SCOTLAND GROUP plc (Registrant)
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By: /s/
Jan Cargill
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Name:
Jan Cargill
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Title:
Deputy Secretary
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