Corporate Structure

RBS Greenwich Capital is the marketing name for the securities business of
Greenwich Capital Markets, Inc. ("GCM"), a U.S. registered broker-dealer.

GCM is a wholly-owned subsidiary of The Royal Bank of Scotland Group plc ("RBS"). RBS is publicly traded on the London Stock Exchange under the ticker RBOS. By market capitalisation as at March 7, 2003, RBS is the second largest bank in the UK and in Europe and ranks fifth worldwide.

Among GCM's affiliates within the RBS Group are National Westminster Bank, Ulster Bank, Citizens Financial Group, Direct Line, Coutts Group, and Lombard

Organizational Chart
(abridged)

Corporate Structure

Resources

Colophon