RBS 2003 Annual Report Download - page 19

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Corporate Banking and Financial Markets
Annual Report and Accounts 2003
17
US
 We continue to expand our US business
and now have a presence in New York, Houston,
Chicago and Greenwich.
 RBS Greenwich Capital continued to grow
its institutional fixed income franchise. Its US
Treasury primary dealership and mortgage backed
securities trading businesses are recognised as
among the industries leading liquidity providers,
with its US Government sales and trading
operations ranked No.1 and No. 2 respectively.
 Corporate Banking and Financial Markets, in
partnership with Citizens Bank, provided £24 million
of financing to Aberdeen-based Sparrows Offshore
to support their international expansion.
Asia
 We have expanded our presence in Asia.
We now have offices in Hong Kong, Singapore,
Tokyo, Beijing and Shanghai.
 RBS performed strongly this year in the
Euromoney Tokyo FX Survey, being ranked 3rd
overall provider, No.1 for sterling and No. 2 for
Euro/Japanese Yen by Banks.
 In 2003 we established a securitisation
business in Asia, signalling a step change in the
development of our franchise there and complementing
existing operations in the UK, US and Europe.
 The RBS and National Australia Bank (NAB)
joint venture offers customers of NAB in Australia
and New Zealand private placements in the US
market. We completed three financings for Lion
Nathan, Iluka Resources and Smorgon Steel making
us the No.1 Agent for Australian issuers.
Awards
 “Best Loan” – Cadbury Schweppes
Corporate Finance
 “Best Buyout” – Seat
Corporate Finance
 Ranked No. 2 by UK institutional investors as
the best provider of secondary market liquidity for
Sterling deals brought to market
Credit Magazine
 “Sterling Bond House of the Year”
International Financing Review
 “Sterling Bond of the Year” – BBC
International Financing Review
 “European Leveraged Loan” – SEAT
International Financing Review
 “Loan of the Year” – Six Continents
The Treasurer
 “Securitisation Deal of the Year” – BBC
Broadcasting House
The Treasurer
 “Securitisation House of the Year” – BUPA
The Banker
 “Best Bank FX in London” by banks
FX Week Survey
 RBS Greenwich Capital – “Best Overall
Government Sales Team”
Institutional Investor