The Royal Bank of Scotland International, trading under the NatWest and RBS International and Coutts Crown Dependencies brands, is the offshore banking arm of The Royal Bank of Scotland Group, offering a range of offshore banking services to personal, business, commercial, corporate and financial intermediary customers from its base in St. Helier, Jersey.
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History
The Royal Bank of Scotland
The Royal Bank of Scotland first began offering services to customers in offshore jurisdictions through Williams Deacon Bank, its London and Manchester-based subsidiary, in 1963. RBS International was founded as Williams Deacons Investment and Finance Limited in 1966, becoming Williams & Glyn's Bank Investments (Jersey) Limited in 1970, Williams & Glyn's Bank (Jersey) Limited in 1982 and The Royal Bank of Scotland (Jersey) Limited in 1985, before adopting the present name in 2003. The Royal Bank of Scotland International was first registered as a trading name in 1995 and The Royal Bank of Scotland International (Holdings) Limited was formed in 1996.
The undertaking of The Royal Bank of Scotland (Gibraltar) Limited, which carried on business in Gibraltar under the NatWest and RBS International brands, was transferred to RBS International in 2009.
National Westminster Bank
NatWest Offshore Limited was an Isle of Man-incorporated bank formed in 1997, with branches in Jersey, Guernsey and Gibraltar. The business was transferred to RBS International through private members' legislation passed in each of the four jurisdictions in 2001, with RBS retaining NatWest as a trading name as well as continuing its existing business.
National Westminster International Holdings BV is the holding company for National Westminster Services (Ireland) Limited (Dublin), RBS Deutschland Holdings GmbH (Frankfurt) and RBS Netherlands Holdings BV (Houten).
Maps RBS International
Services
Headquartered in Jersey, RBS International has a presence in Gibraltar, Guernsey, the Isle of Man and Luxembourg. The bank is regulated by the Jersey Financial Services Commission; the Gibraltar branch is regulated and authorised by the Financial Services Commission, Gibraltar to undertake banking and investment business; the Guernsey branch is regulated by the Guernsey Financial Services Commission and licensed under the Banking Supervision (Bailiwick of Guernsey) Law, 1994, as amended, the Insurance Managers and Insurance Intermediaries (Bailiwick of Guernsey) Law, 2002, and the Protection of Investors (Bailiwick of Guernsey) Law, 1987, as amended; and the Isle of Man branch is licensed by the Isle of Man Financial Services Authority in respect of deposit taking, investment business and registered as a general insurance intermediary.
In 2012, it was announced that all personal banking customers would be migrated to the NatWest brand, while business, commercial and corporate banking customers would remain under the RBS International brand. The NatWest trading name was changed to NatWest International in 2017, due to new ring-fencing legislation in the UK.
See also
- Isle of Man Bank
- Ulster Bank
- Citizens Financial Group
References
External links
- Official website
Source of the article : Wikipedia
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