Adam & Company Private Banking Business

RNS Number : 2867Y

NatWest Group plc

05 September 2022

 

ADAM & COMPANY PRIVATE BANKING BUSINESS

NatWest Group plc

5 September 2022

NatWest Group plc ("NatWest Group") announced on 17 March 2022 that a Petition had been presented to the Court of Session in Edinburgh (the "Court") seeking an order under Part VII of the Financial Services and Markets Act 2000 sanctioning a banking business transfer scheme (the "Scheme") for the transfer of the private banking (including execution-only dealing services and custody account services) and lending business carried on under the "Adam & Company" brand and trading name by The Royal Bank of Scotland plc, a public limited company incorporated in Scotland, to Coutts & Company, a private unlimited company incorporated in England and Wales. The Royal Bank of Scotland plc and Coutts & Company are both subsidiaries of NatWest Group.

NatWest Group is pleased to announce that the Court of Session approved the Scheme on 31 May 2022 and that the Scheme came into effect on 3 September 2022.

For Further Information contact:

NatWest Group Investor Relations

Alexander Holcroft
Head of Investor Relations
[phone]

NatWest Group Media Relations  

[phone]

	Legal Entity Identifier
NatWest Group plc	2138005O9XJIJN4JPN90
The Royal Bank of Scotland plc	549300WHU4EIHRP28H10
Coutts & Company	549300OLXJ4Y010LOT3

 

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