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NatWest chief exec ousted

NatWest Bank chief executive Derek Wanless has been ousted from his post as part of a shake up in response to Bank of Scotland hostile £21bn takeover bid according to the BBC


He will be succeeded temporarily by the groups chairman David Rowland with Ron Sandler brought in a chief operating officer and director.


Sandler has previously worked with Rowland at Lloyds of London. Both are expected to play a key role in defending the bank against the hostile bid.


Wanless will remain with the group for the time being as a consultant in its battle with BoS.

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