United Kingdom · Financial institution
Natwest Markets Public Limited Company
Legal name in the LEI recordNATWEST MARKETS PLC
NatWest Markets Plc is a public limited company registered in Scotland. Its registered office is in Edinburgh and its headquarters are in London. It is a wholly owned subsidiary of NatWest Group plc. According to NatWest Group, it offers debt financing, risk management and trading solutions to customers. It has branches in Frankfurt and Singapore, and its subsidiaries include NatWest Markets N.V. and NatWest Markets Securities Inc. The company was incorporated in 1984 and took its current name on 30 April 2018. It was previously named The Royal Bank of Scotland public limited company.
Licences and registrations
Held by the legal entity, not by this BIC
This BIC is mapped to LEI RR3QWICWWIPCS8A4S074 (Natwest Markets PLC) in the Swift and GLEIF BIC-to-LEI file. The legal entity’s page is Natwest Markets PLC (RBOSSGSG). None matched by LEI in the 22 tracked registers.
The Swift name for this BIC differs from the legal name in GLEIF.
Licences belong to the legal entity. Each applies in the country of the regulator that granted it, not to every BIC that carries the LEI.
Swift network
Swift’s ISO 9362 BIC directory
- BIC
- RBOSGB2RXXX head office
- Connection to Swift
- Connected to SwiftThis BIC is registered as a live address on the Swift network. The institution sends and receives Swift messages under RBOSGB2R directly.
- Swift GPI
- Not on the member list
- Payment schemes and systems
- No entry in the EPC registers, the ECB T2 and TIPS lists or the SIX Bank Master cites this BIC
- Branch codes
- 9 branch codes
- BIC first registered
- 2008-08-09
- Last updated
- 2018-05-02
Overview
Researched 29 Sep 2026 · Sources
Employees
Not published
Ownership
Group subsidiary
100% NatWest Group plc
Institution type
Investment bank
Trades as NatWest Markets
- Standing
- The bank was named The Royal Bank of Scotland public limited company until 29 April 2018. It has traded as NatWest Markets Plc since 30 April 2018.
- Ownership
- NatWest Group plc holds 100% of the bank.
- Direct parent
- NatWest Group plc, United Kingdom 100%
- Head office
- 250 Bishopsgate, EC2M 4AA London, United Kingdom (registered office: 36 St Andrew Square, Edinburgh, EH2 2YB, United Kingdom)
- Company register
- SC090312 (Companies House, Scotland); FCA Register 121882
- Former names
- THE ROYAL BANK OF SCOTLAND PUBLIC LIMITED COMPANY · RBSG PUBLIC LIMITED COMPANY
Business lines
According to its 2026 interim results, its income comes from Fixed Income, Currencies and Capital Markets. The business forms part of NatWest Group's Commercial & Institutional segment.
Online
- Websites & references
- natwestgroup.com ↗
investors.natwestgroup.com ↗ NatWest Group investor relations site, which publishes NatWest Markets Plc results and reports
Wikipedia ↗ - Official social accounts
- LinkedIn ↗ · YouTube ↗
Sources · 12 pages consulted
- find-and-update.company-information.service.gov.uk/company/SC090312
- find-and-update.company-information.service.gov.uk/company/SC090312/officers
- natwestgroup.com/who-we-are/board-and-governance/our-subsidiaries/natwest-markets-plc.html
- natwestgroup.com/who-we-are/board-and-governance/our-subsidiaries/natwest-markets-plc/board-of-directors.h
- natwestgroup.com/who-we-are/board-and-governance/our-subsidiaries/natwest-markets-plc/executive-management
- natwest.com/content/natwestgroup_com/en_uk/natwestgroup/news-and-insights/news-room/press-releases/ou
- investors.natwestgroup.com/~/media/Files/R/RBS-IR-V2/results-center/31072026/nwm-h1-2026-results.pdf
- investors.natwestgroup.com/~/media/Files/R/RBS-IR-V2/results-center/13022026/nwm-annual-report.pdf
- live.euronext.com/en/products/equities/company-news/2025-10-24-nwm-plc-q3-results-2025
- tisegroup.com/market/news/339987
- natwest.com/corporates/support/regulatory-information/central-securities-depositories-regulation.html
- en.wikipedia.org/wiki/NatWest_Markets
Leadership
Researched 29 Sep 2026 · Sources
- Chief executive
-
Jonathan Peberdy
Chief Executive Officer and Executive Director
- Chair
-
John Devine
Chair of the Board
- Chief financial officer
-
Simon Lowe
Chief Financial Officer and Executive Director
- Executive
-
Stephen Noone
Chief Compliance Officer
- Executive
-
Spencer Lloyd
Interim Chief Risk Officer
Supervisors & regulators
Researched 29 Sep 2026 · Sources
- United Kingdom
- Prudential Regulation Authority (Bank of England) Prudential supervisorCentral bankResolution
- United Kingdom
- Financial Conduct Authority ConductAML supervisor
Recent events 2 enforcement or investigation items
Researched 29 Sep 2026 · Sources
-
Leadership
The bank appointed John Devine as non-executive director and Chair of the Board. Tamsin Rowe had served as interim Chair.
natwest.com ↗ -
Enforcement
The bank disclosed that a US court had approved an amended plea agreement. It extends the bank's plea obligations and probation until December 2026.
live.euronext.com ↗ -
Enforcement
The US Department of Justice paused the independent compliance monitorship. After a review, it concluded that the monitorship was no longer necessary.
live.euronext.com ↗ -
Leadership
Franck Dangeard resigned as a director of the bank on 23 April 2025, according to Companies House.
find-and-update.company-information.service.gov.uk ↗ -
Leadership
Jonathan Peberdy became Chief Executive Officer and Executive Director on 1 October 2024, after regulatory approval. He succeeded Robert Begbie.
tisegroup.com ↗
Compliance-relevant events of the last three years, newest first: fines and enforcement, investigations, incidents, leadership changes, mergers and licence changes. Each links to its source.
Identifiers
Head-office record
- BIC
- RBOSGB2RXXX
- How the BIC breaks down
- RBOSBank
- GBCountry · United Kingdom
- 2RLocation
- XXXBranch · head office
- Branch description
- Not recorded in the directory
- LEI record
- View on GLEIF ↗
- How the LEI was matched
- BIC: Mapped to this BIC in the Swift and GLEIF BIC-to-LEI relationship file.
Profile
- Type
- Financial institutionClassified as a financial institution in Swift’s ISO 9362 BIC directory, with no licence on a tracked register. This includes banks that neither the ECB nor the FSB lists, as well as brokers, fund managers, insurers and market infrastructure.
- Regulation
- Not on a tracked registerNo licence or registration was found for this entity on the registers the directory tracks, or on the ECB and FSB bank lists. Most banks are licensed by national supervisors whose registers are not tracked yet. This does not mean that the institution is unregulated.
- Register licences
- None matched by LEI in the 22 tracked registers
- Country · region
- United Kingdom · Europe & Central Asia
- Trading venues (MIC)
- Operates MIC NWMS list of 2026-09-17
- OFAC sanctions
- No listing cites this BIC
- EU sanctions
- No listing matched this BIC or its LEI
- Country sanctions
- No country programme
Types come from Swift’s BIC classification, the licences on the 22 tracked registers, and the ECB and FSB bank lists. Most banks outside the euro area appear as financial institutions, because their supervisors’ registers are not tracked yet.
No licence or registration was found for this entity on the 22 registers the directory tracks, or on the ECB and FSB bank lists. Most banks are licensed by national supervisors whose registers are not tracked yet. This does not mean that the institution is unregulated.
Ownership and group
GLEIF relationship records
- Direct parent
- Natwest Group PLC · United Kingdom2138005O9XJIJN4JPN90 ↗
The Natwest Group PLC group has 54 institutions in the directory, in 14 countries: all hold a BIC.
Including Natwest Markets N.V., Rbs International Depositary Services S.A., National Westminster Bank PLC, The Royal Bank of Scotland Public Limited Company, The Royal Bank of Scotland International Limited.
See the Natwest Group PLC group →Group membership follows the accounting-consolidation relationships reported to GLEIF. It does not show ownership shares or control.
Addresses
- Registered address
- 250 BISHOPSGATE LONDON EC2M 4AA UNITED KINGDOM
- Operational address
- 250 BISHOPSGATE 250 BISHOPSGATE LONDON LONDON EC2M 4AA UNITED KINGDOM
ISO 20022 identification
As an agent in a Swift cross-border payment message (CBPR+)
A CBPR+ message identifies this institution by its BIC, and may add its LEI or a clearing code. CBPR+ does not allow a name and postal address next to a BIC.
- Identified by
- BIC, with its LEI
- Roles in CBPR+
- Any agent, including the instructing and instructed agents
CBPR+
For cross-border payments on Swift: the BIC, with the LEI and clearing code where known
<FinInstnId>
<BICFI>RBOSGB2RXXX</BICFI>
<LEI>RR3QWICWWIPCS8A4S074</LEI>
</FinInstnId>Full record
Every ISO 20022 element the directory holds. Base ISO 20022 allows them together. CBPR+ does not allow a name and address next to a BIC
<FinInstnId>
<BICFI>RBOSGB2RXXX</BICFI>
<LEI>RR3QWICWWIPCS8A4S074</LEI>
<Nm>NATWEST MARKETS PUBLIC LIMITED COMPANY</Nm>
<PstlAdr>
<TwnNm>LONDON</TwnNm>
<Ctry>GB</Ctry>
<AdrLine>250 BISHOPSGATE LONDON EC2M 4AA</AdrLine>
</PstlAdr>
</FinInstnId>The BIC, name and address are as published in Swift’s BIC directory. The LEI comes from the Swift and GLEIF BIC-to-LEI file. Check them against your own records before use.
Market identifiers
One trading venue or reporting service run under this LEI list of 2026-09-17
| MIC | Market | Kind | Category |
|---|---|---|---|
| NWMS | NATWEST MARKETS PLCRBS PLC | Operating MIC | Systematic internaliser |
Network
Branch network
All 9 branch BICs connect to the head office, spread across 2 functions. Largest: Securities & custody (4), Clearing & payments (3).
All 9 branch BICs connect to the head office. Most were registered in 2012 (3 BICs) and 2008 (2).
Hover over a branch or group to see its details
Branch codes
| BIC | Branch | City | Address | LEI | Updated |
|---|---|---|---|---|---|
| RBOSGB2RCLS | CLS | London | 135 BISHOPSGATE PSI FLOOR 6 LONDON LONDON EC2M 3UR UNITED KINGDOM | RR3QWICWWIPCS8A4S074 | 2018-05-17 |
| RBOSGB2RCMS | CMS COLLATERAL | London | LONDON LONDON UNITED KINGDOM | RR3QWICWWIPCS8A4S074 | 2018-05-02 |
| RBOSGB2RCPN | COUPON DEPARTMENT | London | LONDON LONDON UNITED KINGDOM | RR3QWICWWIPCS8A4S074 | 2018-05-02 |
| RBOSGB2REQT | RBS EQUITY CASH SERVICES | London | LONDON LONDON UNITED KINGDOM | RR3QWICWWIPCS8A4S074 | 2018-05-02 |
| RBOSGB2RESP | SECURITISED PRODUCTS | London | LONDON LONDON UNITED KINGDOM | RR3QWICWWIPCS8A4S074 | 2018-05-02 |
| RBOSGB2RFMP | COLLECTION ID | London | 250 BISHOPSGATE 250 BISHOPSGATE LONDON LONDON EC2M 4AA UNITED KINGDOM | RR3QWICWWIPCS8A4S074 | 2020-09-18 |
| RBOSGB2RFUT | THE ROYAL BANK OF SCOTLAND PLC FUTURES | London | LONDON LONDON UNITED KINGDOM | RR3QWICWWIPCS8A4S074 | 2018-05-02 |
| RBOSGB2RPBP | PRIME BROKERAGE PARTNERSHIP | London | LONDON LONDON UNITED KINGDOM | RR3QWICWWIPCS8A4S074 | 2018-05-02 |
| RBOSGB2RTCM | FIN. MARKETS - FIXED INCOME AND INTEREST RATE DERIVATIVES OPERATIONS | London | LONDON LONDON UNITED KINGDOM | RR3QWICWWIPCS8A4S074 | 2018-05-02 |
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Sources & method
Every value comes from a public source, such as Swift’s ISO 9362 BIC directory, GLEIF or the OFAC and EU sanctions lists. Most sources are matched on a BIC or an LEI, not on a name.
Swift GPI membership is matched on names and is indicative. A missing sanctions match does not mean that no listing applies. Always screen against the official lists.
The sanctions facts on this page cover the BIC and its LEI only.
An institution is one entry in the directory: a BIC8 in Swift’s directory, or a firm on a tracked register that holds no BIC. Licences held by an institution with a BIC are shown on its page.
Read the methodology →Credits for this page
- Ownership and group—GLEIF Level 2 relationship records (accounting consolidation), matched by LEI.
- Overview, leadership, regulators and events—researched per institution by an AI model with web search, from the institution's own website and reports, regulators, company registers and news. Figures, people and events link to their source, and each card shows the research date. AI research can be wrong or out of date, so check key facts at the source.
- Images—logos and photos from Wikimedia Commons (credited with their author and licence) or from the institution's own website, where Wikimedia has none. Elucidate keeps a copy of each; the links lead to the source and the original image. Logo: natwestgroup.com (official website) · original; Jonathan Peberdy: natwestgroup.com (official website) · original; John Devine: natwestgroup.com (official website) · original; Simon Lowe: natwestgroup.com (official website) · original; Stephen Noone: natwestgroup.com (official website) · original; Spencer Lloyd: natwestgroup.com (official website) · original.
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