'Bored' RBS Chairman to leave investment bank

Just weeks after it was revealed that the Chairman of RBS’s investment bank sent his daughter text messages saying he was ‘bored’ at work, it has been announced that he is leaving his role.

Rory Cullinan used photo-sharing app Snapchat to send images featuring captions that read: “Not a fan of Board meetings xx”, “Boring meeting xx” and “Another friggin meeting”.

The pictures then ended up being posted on Instagram around Father’s Day last year by the investment banker’s daughter, but only revealed in a national newspaper early this month. Cullinan’s daughter had uploaded the photos with the message: “Happy Father’s Day to the indisputable king of Snapchat.”

This led to Cullinan being heavy criticised for not taking his role seriously, with opponents highlighting that RBS remains majority Government-owned. He will now leave the bank after more than six years.

RBS said on Monday that it had reached an agreement with Cullinan for him to leave the company. He will remain with the lender until the end of April. Ross McEwan, RBS's Chief Executive, said: “We would like to express our thanks to Rory for his very significant contribution to the rebuild of RBS.”

Image courtesy of flickr user mark-ramsay


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