Uncertainty in Citizens Financial Group's wealth management arm since the British government's takeover of its parent, Royal Bank of Scotland Group PLC, was among the reasons a Rhode Island executive says he decided to leave the company to run a smaller book of business at a smaller New England rival.

"Citizens claims that wealth management is important, but if you look at the size of the wealth management business as compared to the scale of their enterprise, it is really tiny and insignificant," Kent W. Gladding said in an interview Tuesday. "It is not a secret that Royal Bank of Scotland is struggling with its balance sheet, and that forces you to ask the question, 'Are they really concerned with wealth management in the United States?' "

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