"It is fair to say that for me privatisation would be the end," says Stephen Hester. The board wanted someone for whom privatisation would be the start.
Hester says "decision was not mine" but he is comfortable with the rationale.
ITN's Deputy Political Editor Chris Ship explains why Stephen Hester's time ran out at RBS.
The man in charge of steering RBS back into private hands - retrieving £45bn of taxpayers cash in the process - is to leave the bank.
RBS chief executive Stephen Hester has announced he is to leave the taxpayer owned bank. But was he forced out or did he jump.