Directorate Change

Royal Bank of Scotland Group PLC
23 March 2007



The Royal Bank of Scotland Group plc

RBS announces management appointments in US

Lawrence K. Fish named Chairman of RBS America

Ellen Alemany appointed CEO of RBS America

Released 0900hrs, 23 March

The Royal Bank of Scotland Group plc (RBS) announces appointments to further
align the management structure of its American operations. The creation of a
unified management team positions RBS to take advantage of growth opportunities
across and between its businesses in the US.

Lawrence K. Fish, currently Chairman and CEO of Citizens Financial Group
(Citizens), will become Chairman, RBS America and will continue to serve on the
Board of RBS. He will be supported by a management team led by Ellen Alemany.

Ellen Alemany has joined from Citigroup and will become CEO, RBS America in
which capacity she will report to Group Chief Executive, Sir Fred Goodwin and be
a member of RBS's Group Executive Management Committee. Ellen Alemany has 30
years experience in global banking and was most recently CEO, Global Transaction
Services and a member of Citigroup's Operating Committee.

Stephen D. Steinour, who is currently President of Citizens, will become CEO and
President of Citizens. Jay Levine will continue in his role as CEO of RBS Global
Banking & Markets (GBM) business in the US, which includes RBS Greenwich
Capital.

Commenting on the appointments, Sir Fred Goodwin, Group Chief Executive of RBS
said:

'These management appointments represent a logical and natural step in the
development of our activities in the US as our businesses work more closely
together. Our American operations have scale, diversity and geographic reach,
providing us with significant options for further growth, and these appointments
position us well for the next phase of that growth.

'Larry has been pivotal in building our businesses in the US and will continue
to play a central role. Ellen's credentials and experience make her an ideal
candidate for this new role and for the challenges and opportunities that lie
ahead as we step into a new phase in the development of our activities in the
US.'

Commenting on the appointments Larry Fish, Chairman, RBS America said:

'We have achieved extraordinary growth in the US. The combination of our locally
based management team and the global strength of RBS has taken us from a
position of fifth largest bank in Rhode Island in 1988 to one of the top ten
commercial banks in the US today.

'We have a more diverse franchise and a broader range of growth options than
ever before. This new structure will enable our customers, shareholders,
colleagues and communities to reap even greater benefits from the combined
strengths of our businesses in the US.'

Ellen Alemany said:

'I am excited to be joining this outstanding organisation at such an important
stage in its development.

'I am delighted and grateful for the opportunity to work with Sir Fred, Larry
and other colleagues at RBS to further integrate and develop what is already one
of the top financial institutions in the US.'

Contact Details

Andrew McLaughlin
Group Director, Economics & Corporate Affairs
+ 44 131 626 3868
[phone]

Carolyn McAdam
Head of Group Communications
[phone]
[phone]

Richard O'Connor
Head of Investor Relations
+ 44 207 626 1758
[phone]




Biographies

Lawrence K. Fish, Chairman RBS America

Larry is a main board director at RBS Group and Chairman of Citizens Financial
Group Inc. Since taking over in 1992, Citizens, under Larry's leadership, has
grown 25 fold to become one of the top ten commercial banks in America. He is a
Director of Textron Inc., and a member of the Board of Trustees of The Brookings
Institution in Washington, D.C. and Massachusetts Institute of Technology. He is
a former Director of the Federal Reserve Bank of Boston.

Ellen Alemany, CEO RBS America

Ellen was responsible for Global Transaction Services (GTS) at Citigroup with
22,000 employees world-wide. Until joining RBS Ellen was also a member of the
Board of Directors of Citibank N.A. and a member of the Citigroup Operating
Committee. Prior to GTS, she held a number of senior positions Executive Vice
President for the Commercial Lending Group, which includes CitiCapital, the
Commercial Markets Group, and the Commercial Real Estate Group - focusing on the
financing needs of small to medium sized enterprises across a broad range of
industries in the US. In the last two years, Ellen has been ranked in the top 5
of the highly rated 'Most Powerful Women in American Banking' US  Banker survey.

Stephen D. Steinour, CEO CFG

Steve Steinour is currently President of Citizens Financial Group, Inc. and is
responsible for overseeing the bank's business lines and operations. Prior to
this, Steve was Chief Executive Officer of Regional Banking in the states of
Delaware, Illinois, Indiana, Michigan, New Jersey, New York, Ohio, and
Pennsylvania. Steve was the leading Citizens' executive responsible for bank
acquisitions and integrations.

Jay Levine, CEO GBM, America

Jay Levine is Chief Executive Officer of Global Banking & Markets, America with
responsibility for all RBS' institutional businesses in the US, and sits on the
GBM Board of Directors. He is also President and Chief Executive Officer of RBS
Greenwich Capital, GBM's American capital markets subsidiary.

RBS America

RBS America is the sixth largest bank by assets in the US and the sixth largest
bank by deposits. It employs 24,800 staff through Citizens Financial Group and
GBM America. Last year RBS America accounted for 26% of RBS Group operating
profit. Its businesses comprise of:

   •Citizens Financial Group, which is headquartered in Providence, Rhode
    Island, and employs 23,100 people. It has retail and business banking
    operations in 13 states stretching from New England to the Mid-West and
    covering 30% of the US population. It has the 8th largest retail branch
    network in the US and is the 2nd largest supermarket bank. It also includes
    card issuing based in Bridgeport, card acquiring (RBS Lynk) based in
    Atlanta, Kroger Personal Finance a joint venture with the second largest US
    supermarket, and Citizens Asset Finance headquartered in Chicago.



   •Global Banking & Markets, America (GBM, America), comprise RBS Greenwich
    Capital and Corporate and Institutional Banking based in New York.  It
    employs 1,730 in its main offices in Greenwich, New York, Chicago and
    Houston. It plays a leading role in the fixed income markets, and has risen
    in the US Loan Markets from No 27 in 2004 to No 7 in 2006.   Global Banking
    & Markets (GBM) is a leading banking partner to major corporations and
    financial and government institutions around the world providing an
    extensive range of debt, risk and investment services.  The GBM business
    brings to the American market the experience of a No 1 ranking for Asset
    Backed Securities and Project Finance globally, and No 4 for loans, No 5 for
    Foreign Exchange, No 6 for all Debt and No 8 for international bonds.


RBS financial highlights of 2006:

   •Income up 10% to £28,002m ($51,635m)
   •Group Operating profit increased by 14% to £9,414m ($17,359m)
   •Total dividend for the year of 90.6p per share, up 25%
   •GBM income up 22% to £6,826m ($12,587m)
   •GBM operating profit up 25% to £3,790m ($6,989m)
   •Citizens income up 3% to £3,317m ($6,115m)
   •Citizens operating profit up 2% to £1,582m ($2,917m)
   •GBM America income up 18% to $2,799m


Ends



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