The global head of the financial institutions group at Royal Bank of Scotland has decided to leave, Financial News has learned, marking the latest stage of a tumultuous period within the UK bank's senior ranks.

William Fall, who joined RBS in 2010 and most recently led the global FIG business, has decided to leave the financial industry, according to two sources familiar with the situation. Fall did not return a message left on his office voicemail in time for publication.