Royal Bank of Scotland Group’s deputy chief executive officer Chris Sullivan has quit. According to reports, he had 31 December as the last day in the bank. Sullivan, along with the bank’s corporate turnaround division, Global Restructuring Group, head Derek Sach told the Treasury Select Committee that the division was not used as a ‘profit centre’ when they gave evidence in June, contradicting the findings of a report by former Bank of England deputy governor Andrew Large. RBS had said at the beginning of last year that Sullivan would be leaving the bank in 2015 after overseeing a restructuring of the bank.
