RBS boss Hester nudged out as bank seeks leader to guide sale

Royal Bank of Scotland Group boss Stephen Hester will step down later this year, after the bank’s board decided it wanted new leadership to oversee the sale of Britain’s majority stake in the bank, which could take years.

Hester said on Wednesday he would have liked to carry on at the helm for the start of the sale of the government’s 81 per cent stake, which could happen before the next election in 2015.

via Business feed http://www.scmp.com/business/banking-finance/article/1259692/rbs-boss-hester-nudged-out-bank-seeks-leader-guide-sale