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Higgins to take top role at RBS

Former Standard Life general manager (sales) Benny Higgins has secured the top job in the retail banking division of Royal Bank of Scotland group.

Higgins will step up to become chief executive from his current position as deputy CE. He joined the group in 1997.

The move is part of a senior management shake-up following the integration of RBS with NatWest.

Higgins left Standard Life in 1997 amid speculation surrounding his personal affairs. At 35, he was the youngest-ever general manager and was seen as heir apparent to chief executive Scott Bell.

He is chairman of Royal Scottish Assurance, an RBS subsidiary which was fined £2m and ordered to pay £50m in compensation for endowment misselling in December.

Current RBS current chief executive of retail banking Gordon Pell is to become chairman of retail banking and wealth management.

RBS chief executive Fred Goodwin says: “As activity shifts from integration to business as usual, we are realigning senior positions.”

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