RBS Greenwich Capital
Encyclopedia
RBS Securities Inc. is the Royal Bank of Scotland Group's U.S. investment bank/broker-dealer
based in Stamford, Connecticut
that specializes in fixed income arbitrage
and other fixed income
strategies. It is a leading fixed-income capital markets firm, underwriter, trader, and distributor of fixed-income investment products providing a full range of debt financing, risk management and investment services to major corporations and financial and governmental institutions around the world. RBS Securities is also ranked consistently among the leaders in every asset class it trades. It is a primary dealer in US Treasury securities
. It was founded in 1981 and is wholly owned by The Royal Bank of Scotland Group though its National Westminster Bank
subsidiary in the UK.
As a primary broker-dealer in the U.S. Treasury market, RBS Securities specializes in the agency and mortgage-backed securities markets, and the company provides real estate and asset-backed financing. It also has a presence in the U.S. credit, foreign exchange and derivatives markets and provides futures brokerage services and trade strategies advisory.
RBS Securities began as a relative value arbitrage trading firm.
By March 2, 2009, RBS was 29th out of the 30 worldwide banks in the Dow Jones Banks Titan 30 Index, fourth largest of the UK quoted banks, and 14th out of the European quoted banks. As of 26 February 2009 HM Government owned 58% of RBS.
Broker-dealer
A broker-dealer is a term used in United States financial services regulations. It is a natural person, a company or other organization that trades securities for its own account or on behalf of its customers....
based in Stamford, Connecticut
Stamford, Connecticut
Stamford is a city in Fairfield County, Connecticut, United States. According to the 2010 census, the population of the city is 122,643, making it the fourth largest city in the state and the eighth largest city in New England...
that specializes in fixed income arbitrage
Fixed income arbitrage
Fixed-income arbitrage is an investment strategy generally associated with hedge funds, which consists of the discovery and exploitation of inefficiencies in the pricing of bonds, i.e...
and other fixed income
Fixed income
Fixed income refers to any type of investment that is not equity, which obligates the borrower/issuer to make payments on a fixed schedule, even if the number of the payments may be variable....
strategies. It is a leading fixed-income capital markets firm, underwriter, trader, and distributor of fixed-income investment products providing a full range of debt financing, risk management and investment services to major corporations and financial and governmental institutions around the world. RBS Securities is also ranked consistently among the leaders in every asset class it trades. It is a primary dealer in US Treasury securities
Treasury security
A United States Treasury security is government debt issued by the United States Department of the Treasury through the Bureau of the Public Debt. Treasury securities are the debt financing instruments of the United States federal government, and they are often referred to simply as Treasuries...
. It was founded in 1981 and is wholly owned by The Royal Bank of Scotland Group though its National Westminster Bank
National Westminster Bank
National Westminster Bank Plc, commonly known as NatWest, is the largest retail and commercial bank in the United Kingdom and has been part of The Royal Bank of Scotland Group Plc since 2000. The Royal Bank of Scotland Group is ranked as the second largest bank in the world by assets...
subsidiary in the UK.
As a primary broker-dealer in the U.S. Treasury market, RBS Securities specializes in the agency and mortgage-backed securities markets, and the company provides real estate and asset-backed financing. It also has a presence in the U.S. credit, foreign exchange and derivatives markets and provides futures brokerage services and trade strategies advisory.
RBS Securities began as a relative value arbitrage trading firm.
Standing
In 2007, RBS was named Currency Derivatives House of the year by RISK Magazine, was named the top North American Securitization house by IFR Magazine, and also ranked 5th in FX market share in the US. By market capitalization as of March 7, 2007, RBS was the second largest bank in the UK and in Europe and ranks fifth worldwide.By March 2, 2009, RBS was 29th out of the 30 worldwide banks in the Dow Jones Banks Titan 30 Index, fourth largest of the UK quoted banks, and 14th out of the European quoted banks. As of 26 February 2009 HM Government owned 58% of RBS.
History
Established in 1981, Greenwich Capital Markets was acquired by National Westminster Bank Plc in 1996, trading as Greenwich NatWest under the joint management of co-chief executives Gary Holloway and Konrad "Chip" Kruger, until 2000, when National Westminster Bank was taken over by the Royal Bank of Scotland Group. It became RBS Securities Inc. in 2009, prior to which time it had traded as RBS Greenwich Capital.See also
- Royal Bank of Scotland Group
- National Westminster BankNational Westminster BankNational Westminster Bank Plc, commonly known as NatWest, is the largest retail and commercial bank in the United Kingdom and has been part of The Royal Bank of Scotland Group Plc since 2000. The Royal Bank of Scotland Group is ranked as the second largest bank in the world by assets...
- NatWest ThreeNatWest ThreeThe NatWest Three, also known as the Enron Three, are three British businessmen - Giles Darby, David Bermingham and Gary Mulgrew. In 2002 they were indicted in Houston, Texas on seven counts of wire fraud against their former employer Greenwich NatWest, at the time a division of National...
- Primary dealersPrimary dealersPrimary dealer is a formal designation of a firm as a market maker of government securities. Primary dealer systems are present in many countries including Canada, France, Italy, Spain, the United Kingdom, and the United States...