The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms and Conditions.


All material subject to strictly enforced copyright laws. © 2021 Euromoney, a part of the Euromoney Institutional Investor PLC.

Is there room for RBS in the US?

It took a year and at least one false start, but John Walsh has finally returned to the markets. He turned up at Royal Bank of Scotland, nearly a year after he walked out of his role at CSFB as global head of debt capital markets. His title at RBS is head of North American corporate credit markets.

He has a remit to build a primary and secondary debt business in the US. It?s a greenfield project, which is exactly the kind of role he was looking for. BNP Paribas tried to hire him for a similar role last year. It has a presence in US high-grade debt, though is not even a second-tier player in the US.

Walsh is based in Greenwich, Connecticut, in the offices of RBS Greenwich Capital, not in RBS Capital Markets in New York. He reports both to Ben Carpenter, co-CEO of Greenwich Capital, and Symon Drake-Brockman, global head of capital markets for RBS in London.

It looks as if RBS might integrate the boutique ? a significant departure for RBS, and yet another change in Greenwich?s role.

Back in 1999 RBS was locked in a battle with Bank of Scotland for NatWest, which had bought Greenwich in 1996.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.

SUBSCRIBE ONLINE TODAY

Unlimited access to Euromoney.com and Asiamoney.com

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually

FREE 7 DAY TRIAL

Unlimited access to Euromoney.com and Asiamoney.com, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors

LOGIN NOW

Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree