Ridley will be replaced by Bryan Sanderson, who stepped down in November last year as chairman of Standard Chartered. Ridley will remain as chairman until Sanderson receives approval from the Financial Services Authority to succeed him.
Ridley offered his resignation in September, the bank said, but agreed to remain until Northern Rock had put new funding arrangements in place.
The week on Risk.net, August 19-25, 2016Receive this by email
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