Suneel Kamlani, co-chief executive of Royal Bank of Scotland's markets business, and John Owen, who runs the international banking unit, are to leave the UK bank, according to a memo sent to staff by group chief executive Ross McEwan.

McEwan today announced a wide-ranging restructuring, alongside RBS' full-year results, that will include rehousing its markets, international banking and UK corporate banking operations in a single division under the leadership of the former head of its Asia business, Donald Workman, who becomes executive chairman.