Varnavides tells TradeWinds "it might be misleading", however, to draw a connection between that decision and internal discussions over the future of RBS' $16bn shipping portfolio.
Amid growing speculation that RBS plans to place up to $5bn in shipping loans into a "bad bank" and then sold, Varnavides would only say that "the situation should be clearer in early December."
While the industry veteran was tight lipped about the future of the lender's shipping book he was quick to point out that he has been open about his retirement plans and believes they should not come as a surprise.
"As
