NatWest Holdings

NatWest Holdings is an intermediate holding company for the NatWest Group's retail banking interests in the United Kingdom. It was established 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.[1]

This article is about the intermediate holding company. For the retail bank, see NatWest. For the ultimate holding company, see NatWest Group.
NatWest Holdings Limited
Private limited company (subsidiary undertaking)
IndustryRetail Banking
Founded2016
Headquarters
London
,
England
Key people
Sir Howard Davies, Chairman
Alison Rose, Chief Executive
ParentNatWest Group

Operations

Registered in England, NatWest Holdings was formed to be the direct parent of five licensed banks:[2]

BankArea of operation
NatWestEngland and Wales, western Europe
Royal Bank of ScotlandScotland
Ulster BankNorthern Ireland
Ulster Bank IrelandRepublic of Ireland
CouttsUnited Kingdom

Ulster Bank and Coutts are wholly owned subsidiaries of NatWest. Ulster Bank Ireland is a wholly owned subsidiary of Ulster Bank (Ireland) Holdings Unlimited Company. NatWest Holdings includes the Lombard North Central asset finance business and RBS Invoice Finance (Holdings).

As authorised brands of Royal Bank of Scotland, the ring-fenced group also covers the private banking houses of Messrs. Drummond (incorporating Holt's Military Banking) and Child & Co. in London and Adam & Company in Edinburgh.

Two other licensed banks within the NatWest Group – NatWest Markets (created at the same time) and Royal Bank of Scotland International (incorporating NatWest International, Coutts Crown Dependencies and Isle of Man Bank) – sit outside the ring-fence. RBS International, NatWest Trustee and Depositary Services and RBS International Depositary Services S.A. (Luxembourg) are wholly owned subsidiaries of The Royal Bank of Scotland International (Holdings).

References
  1. Treanor, Jill RBS to strengthen NatWest brand The Guardian 30 September 2016
  2. RBS Announces Proposed Future Ring-Fenced Legal Entity Structure and Investment in Customer Brands London Stock Exchange, RNS No. 2659L, 30 September 2016
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