New European Entity To Be Operational Later This Year

NatWest Sets Up Frankfurt Hub for Post-Brexit Clients

New European Entity to Be Operational Later This Year

NatWest has established a new unit in Frankfurt, Germany, to serve British customers on the continent following the UK's exit from the European Union.

NatWest Bank Europe GmbH

The new entity, NatWest Bank Europe GmbH, will be fully operational later this year. It will be headquartered in Frankfurt am Main, Germany, and led by Thomas Jakob as CEO and Chairman of the Board.

NatWest Bank Europe GmbH will provide a range of banking services to UK customers, including retail and business banking, as well as wealth management.

Quote from NatWest

"We are committed to providing our customers with the best possible service, and this new entity will enable us to continue to do so after the UK leaves the EU," said NatWest CEO Alison Rose.

NatWest Bank Europe GmbH is the latest in a series of moves by British financial institutions to establish a presence in the EU following Brexit.

Conclusion

NatWest's decision to establish a new unit in Frankfurt is a significant development that reflects the changing landscape of the financial services industry in Europe. It is a sign that British banks are adapting to the new reality of Brexit and are committed to continuing to serve their customers on the continent.