Royal Bank of Scotland (RBS) said on Friday that Katie Murray, currently RBS deputy chief financial officer, will be appointed interim chief financial officer on October 1, 2018.

Murray joined RBS in 2015 as director of finance from Old Mutual Emerging Markets.

RBS announced on May 30 that Ewen Stevenson had resigned from his role as chief financial officer.

Stevenson is joining HSBC as group finance director.

“RBS confirms that Mr Stevenson will step down from the board and cease to be chief financial officer on 30 September 2018,” said RBS.

“The search for a successor for Mr Stevenson is underway, and a further announcement will be made in due course.

“Katie Murray, who is currently deputy chief financial officer, will be appointed interim chief financial officer on 1 October 2018.”

RBS said Stevenson will remain on the RBS board until September 30 to facilitate an orderly handover to Murray, “and thereafter will be placed on gardening leave until his employment with RBS ceases on 30 November 2018.”

RBS added: “In line with his contractual arrangements and the circumstances of his departure, Mr Stevenson will not receive any compensation for loss of office.

“Mr Stevenson will continue to receive his salary, fixed share allowance, pension and benefit funding up to 30 November 2018.

“No other remuneration payment will be made in connection with his departure.

“In accordance with the rules of RBS’s 2014 Employee Share Plan, Mr Stevenson’s outstanding long-term incentive awards will lapse on his final date of employment.”