The RoyalBank of Scotland first began offering services to customers in offshore jurisdictions through Williams Deacon Bank, its London and Manchester-based subsidiary, in 1963. RBS International was founded as Williams Deacons Investment and Finance Limited in 1966, becoming Williams & Glyn's Bank Investments Limited in 1970, Williams & Glyn's Bank Limited in 1982 and The Royal Bank of Scotland Limited in 1985, before adopting the present name in 2003. The Royal Bank of Scotland International was first registered as a trading name in 1995 and The Royal Bank of Scotland International Limited was formed in 1996. The undertaking of The Royal Bank of Scotland Limited, which carried on business in Gibraltar under the NatWest and RBS International brands, was transferred to RBS International in 2009.
National Westminster Bank
NatWest Offshore Limited was an Isle of Man-incorporated bank formed in 1997, with branches in Jersey, Guernsey and Gibraltar. The business was transferred to RBS International through private members’ legislation passed in each of the four jurisdictions in 2001, with RBS retaining NatWest as a trading name as well as continuing its existing business. National Westminster International Holdings BV is the holding company for National Westminster Services Limited, RBS Deutschland Holdings GmbH and RBS Netherlands Holdings BV.
In 2019, the High Court of Justice of the Isle of Man granted approval for the transfer of the business of Isle of Man Bank Limited to the Isle of Man branch of RBS International, trading as Isle of Man Bank.
Services
Headquartered in Jersey, RBS International has a presence in Gibraltar, Guernsey, the Isle of Man, Luxembourg and the United Kingdom. The bank is regulated by the Jersey Financial Services Commission; the Gibraltar branch is regulated and authorised by the Financial Services Commission, Gibraltar to undertake banking and investment business; the Guernsey branch is regulated by the Guernsey Financial Services Commission and licensed under the Banking Supervision Law, 1994, as amended, the Insurance Managers and Insurance Intermediaries Law, 2002, and the Protection of Investors Law, 1987, as amended; and the Isle of Man branch is licensed by the Isle of Man Financial Services Authority in respect of deposit taking, investment business and registered as a general insurance intermediary. In 2012, it was announced that all personal banking customers would be migrated to the NatWest brand, while business, commercial and corporate banking customers would remain under the RBS International brand. The NatWest trading name was changed to NatWest International in 2017, due to new ring-fencing legislation in the UK.
