May 21, 2018 2:07 AM ET

Capital Markets

Company Overview of NatWest Markets Securities Inc.

Company Overview

NatWest Markets Securities Inc. operates as a security brokerage firm. The company provides asset-backed loans including mortgage, auto, and manufactured housing loans. It also offers trading and investment banking services. The firm was formerly known as RBS Securities Inc. and changed its name to NatWest Markets Securities Inc. in April 2018. The company was founded in 1981 and is based in Stamford, Connecticut with additional offices in Atlanta, Georgia; Chicago, Illinois; Irvine, California; San Francisco, California; and Washington, District Of Columbia. NatWest Markets Securities Inc. operates as a subsidiary of RBS Holdings USA Inc.

600 Washington Boulevard

Stamford, CT 06901

United States

Founded in 1981

Phone:

866-884-2071

Key Executives for NatWest Markets Securities Inc.

Managing Director and Associate General Counsel
Managing Director
Co-Head of Global Banking & Markets, Americas & Co-Head of Fixed Income, Currencies & Commodities
Co-Head of USD Rates Trading
Global Head of Options
Compensation as of Fiscal Year 2017.

NatWest Markets Securities Inc. Key Developments

Nomura Asset Acceptance Corporation, Nomura Home Equity Loan Inc., Nomura Credit & Capital, Inc., Nomura Securities International, Inc., Nomura Holding America Inc. and RBS Securities Inc. File a Petition for a Writ of Certiorari to the Court

The U.S. subsidiaries of Nomura Holdings, Inc. against which a judgment was entered in the lawsuit notified in the notice regarding Judgment in Litigation against subsidiaries dated September 29, 2017, have filed a petition for a writ of certiorari. Background to the petition: As announced in the notice regarding judgment in litigation against Subsidiaries dated May 16, 2015, the United States District Court for the Southern District of New York issued a judgment against the company's U.S. subsidiaries, namely, Nomura Asset Acceptance Corporation (NAAC), Nomura Home Equity Loan Inc. (NHEL), Nomura Credit & Capital, Inc., Nomura Securities International, Inc. and Nomura Holding America Inc. along with RBS Securities Inc. as an underwriter (collectively, the defendants), in the proceedings commenced by the Federal Housing Finance Agency, as conservator for the government-sponsored enterprises Federal National Mortgage Association and Federal Home Loan Mortgage Corporation (the GSEs). On May 15, 2015, the District Court held that the FHFA proved that the offering materials for residential mortgage-backed securities certificates issued by NAAC and NHEL and purchased by the GSEs contained material misstatements entitling FHFA to rescission. The District Court ordered the defendants to pay $806 million to the GSEs upon the GSEs' delivery of the certificates at issue to the defendants. On June 10, 2015, the defendants appealed. As announced in the notice regarding judgment in litigation against subsidiaries dated September 29, 2017, the United States Court of Appeals for the Second Circuit rejected the appeal. On March 12, 2018, the defendants filed a petition for a writ of certiorari to the court stated above.

RBS Settles Certain RMBS Claims with the National Credit Union Administration

The Royal Bank of Scotland Group plc has reached a final settlement with the National Credit Union Administration Board to resolve two outstanding civil lawsuits for USD 1.1 billion (£846 million). The settlements, involving its subsidiary RBS Securities Inc., relate to the two residential mortgage-backed securities (RMBS) cases (asserting claims on behalf of US Central Federal Credit Union and Western Corporate Federal Credit Union), most recently disclosed in RBS's 2016 Interim Results Announcement. The settlement amount is substantially covered by existing provisions as of 30 June 2016 and will have no material impact on the RBS Group's CET1 ratio. RBS continues to litigate various other RMBS-related civil claims identified in its disclosure, including those of the Federal Housing Finance Agency, and to respond to investigations by the civil and criminal divisions of the U.S. Department of Justice and various other members of the RMBS Working Group of the Financial Fraud Enforcement Task Force (including several state attorneys general). As previously stated, RMBS litigation and investigations may require additional provisions in future periods that in aggregate could be materially in excess of the provisions existing as of 30 June 2016.

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