Devine, who has spent his entire career at RBS, has been working alongside Varnavides since February to get up to speed with the business and is now taking over as chief executive of the division on his own, a spokesperson says.
Varnavides has retired after leading the bank’s shipping division since 1998.
Devine may be new to shipping but he does boast a career of “major corporate transactions including M&A, risk management, business development, client relationship management and business turnaround” on his LinkedIn profile.
Until
