NatWest Holdings
 |
|
| Industry | Retail Banking |
|---|---|
| Founded | 2016 |
| Headquarters | 135 Bishopsgate, London EC2M 3UR |
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Key people
|
Sir Howard Davies, Chairman Ross McEwan, Chief Executive |
| Parent | The Royal Bank of Scotland Group |
NatWest Holdings Limited is an intermediate holding company for The Royal Bank of Scotland Group's retail banking interests in the United Kingdom. It was created in 2016, as part of a structural reform intended to comply with the requirements of the Financial Services (Banking Reform) Act 2013. The Act implements the Independent Commission on Banking recommendation that core domestic operations should be "ring-fenced" from wholesale and investment banking activities by 2019.
NatWest Holdings will be the direct parent of five licensed banks:
The company will include the Lombard North Central asset finance business and RBS Invoice Finance (Holdings).
As authorised brands of The Royal Bank of Scotland, the ring-fenced group will also cover:
Three other licensed banks within the RBS Group – NatWest Markets (created at the same time), The Royal Bank of Scotland International and Isle of Man Bank – will sit outside the ring-fence. RBS International and Isle of Man Bank are direct subsidiaries of The Royal Bank of Scotland International (Holdings), together with National Westminster Bank Nominees (Jersey).
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