Bloomberg News

RBS U.K. Retail Bank Head to Leave for Australian Financial Firm

November 23, 2011

Nov. 23 (Bloomberg) -- Royal Bank of Scotland Group Plc, Britain’s biggest publicly owned lender, said U.K. retail head Brian Hartzer will step down to take a job at an Australian financial firm.

Hartzer, a former head of Australia and New Zealand Banking Group Ltd.’s Australian unit, will leave next summer to take up a “senior domestic role” at an unnamed firm, RBS said in a statement today.

RBS Chief Executive Officer Stephen Hester hired Hartzer in May 2009 as he sought to replace top executives who served under his predecessor, Fred Goodwin. Hartzer oversaw the U.K. consumer, wealth and Ulster bank operations.

“He will leave the U.K. retail business in good health and with time to conduct an orderly succession,” Hester said in today’s statement. “I wish him well in his move back to Australia and am pleased we have him until well into next year to ensure no loss of momentum.”

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--Editors: Francis Harris, Edward Evans

To contact the reporter on this story: Gavin Finch in London at

To contact the editor responsible for this story: Edward Evans at

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