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Head of R.B.S. Spinoff, Williams & Glyn, to Step Down

LONDON — The Royal Bank of Scotland said on Tuesday that John Maltby would step down as chief executive of Williams & Glyn, the unit it plans to spin off by the end of next year.

Mr. Maltby, the former head of commercial banking at the Lloyds Banking Group, will leave to serve as an adviser to a consortium of investors who participated in a 2013 bond offering to help finance the spinoff.

He will be succeeded by James Brown, the chief executive of R.B.S.’s Ulster Bank business.

“I would like to express our thanks to John Maltby for his very significant contribution to Williams & Glyn over the past 18 months,” Ross McEwan, the R.B.S. chief executive, said in a news release.

“Much has already been done in building a stand-alone business and we are grateful for the important role that John has played in getting the bank to this point.”

The appointment of Mr. Brown is subject to the regulatory approval.

“I am pleased to have been appointed to the C.E.O. role at what is an exciting time for the business,” Mr. Brown said. “We are committed to establishing a strong and credible challenger bank in the U.K. market, and I look forward to the challenges ahead.”

R.B.S., based in Edinburgh, is looking to spin off its Williams & Glyn network of 314 branches in Britain by the end of 2016.

European regulators have ordered R.B.S. to dispose of Williams & Glyn as a condition of a government bailout it received during the financial crisis. The British government has a roughly 80 percent stake in the bank after it extended a bailout of 45 billion pounds, or about $68 billion.

Williams & Glyn is one of several businesses the bank is exiting or selling as part of an overhaul of its operations. R.B.S. spun off its Citizens Financial Group retail bank in the United States in an initial public offering last year.

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