Royal Bank of Scotland (RBS) chairman Sir Philip Hampton will leave to become GlaxoSmithKline's chairman, the two firms have said.
Mr Hampton will join the UK pharmaceutical company in September next year. His departure had been expected.
He said it had been a "privilege to serve" at the Edinburgh-based bank.
Mr Hampton has been chairman at RBS, which is 80% owned by the taxpayer, since 2009.
Mr Hampton said in a statement: "I am looking forward to working with my colleagues in the months ahead as we work to implement the bank's strategy and continue to improve the support we provide to our customers."
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