Timeline of Key Events

• 1981 – Greenwich Capital Markets, Inc (GCM) is founded by Ted Knetzger and William Rainer
• 1984 – GCM is designated as a Primary Dealer by the Federal Reserve Bank of New York
• 1986 – GCM commences asset-backed sales and trading
• 1988 – GCM commences trading G-7 sovereign debt
• 1988 – GCM is acquired by the Long Term Credit Bank of Japan
• 1989 – London branch opened
• 1990 – GCM becomes a section 20 Subsidiary
• 1996 – Acquired by NatWest Group
• 1999 – GCM obtains expanded Tier 2 powers permitting it to underwrite and deal in corporate debt, foreign sovereign debt, and commercial mortgage-backed securities
• 2000 – NatWest Group acquired by The Royal Bank of Scotland. Ben Carpenter and Jay Levine appointed co-CEOs of Greenwich Capital
• 2001 – Interest rate swap business launched
• 2001 – CDO business launched
• 2002 – “RBS Greenwich Capital” brand introduced
• 2004 – Credit Markets Group launched
• 2004 – Merged RBS NY and RBS Greenwich Capital derivatives businesses into a single Interest-Rate Derivatives platform
• Jay Levine appointed CEO of RBS’ Global Banking & Markets business in North America
• 2005 – North American arm of RBS’ Foreign Exchange business (FX) moves to Greenwich
• 2006 – RBS Greenwich Capital celebrates its 25th Anniversary
• 2006 – Firm breaks ground on its new headquarters in Stamford, CT
• 2006 – RBS’ Aviation Capital team moves to Greenwich
• 2006 – Formation of High Yield Capital Markets business
• 2007 – RBS Sempra Commodities joint venture formed
• 2008 – Symon-Drake Brockman Appointed CEO of RBS Global Banking & Markets Americas