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RBS Securities Head Exits After Clash a Month Into New Role

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Rory Cullinan, appointed to dismantle Royal Bank of Scotland Group Plc’s securities unit last month, is leaving the government-owned lender after a dispute with other executives, according to a person with knowledge of the matter.

He disagreed about how to implement Chief Executive Officer Ross McEwan’s strategy to scale back the corporate and institutional bank, said the person, who asked not to be identified because the information is private. Cullinan, 55, will leave the bank at the end of April, RBS said on Monday.