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UK's Phoenix Group says chairman to step down to join RBS

Reuters - UK Focus

Feb 26 (Reuters) - British life insurer Phoenix Group Holdings said Chairman Howard Davies would step down at the end of August to take up the same position at Royal Bank of Scotland plc.

Phoenix (LSE: PHNX.L - news) has begun looking for a new chairman, it said in a statement. (Reporting by Richa Naidu in Bengaluru; Editing by Anupama Dwivedi)