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The changes will see Donald Workman hand over
the responsibility for running RBS's investment bank to Cullinan,
who already runs RBS's internal 'bad bank' and is overseeing the
sale of RBS's U.S. business Citizens and its Williams & Glynn
business in Britain.
It is not clear what role Workman will take.
The bank, 79 percent-owned by the government, is under pressure
from lawmakers to focus on lending to British households and
businesses.
RBS is expected to announce that it will significantly scale
back its operations in Asia leaving about 200 staff in
Singapore, down from 2,800 at the end of last year, when it
unveils full-year figures on Thursday, the sources said.
Cullinan will also take responsibility for managing RBS's exit
from several European markets, they added.
The move will mark the latest step in RBS's sharp retreat from
both Asia and investment banking in the past six years following
its 45.5 billion pound ($70.22 billion) bailout during the
financial crisis.
Cullinan was appointed to run RBS's 'bad bank' in December 2013.
He is on track to sell or wind down the majority of the 38
billion pounds of unwanted assets placed within it by the end of
2014, a year ahead of schedule.
(Reporting by Matt Scuffham, Steve Slater in London and Michelle
Price in Hong Kong, editing by Sinead Cruise)
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