Bull Bear Report Mar 10 2010

RBS Hiring U.S. Investment Bankers

By laura lorber

Royal Bank of Scotland has been busy filling up its new American headquarters.

The U.K. bailout poster-child cut the ribbon last month on a new 11-story office in Stamford, Conn., with one of the world's largest trading floors. Its U.S. investment bank hired about 100 new employees last year and is on the hunt for more, according to The Wall Street Journal.

The U.S. global banking and markets unit, known as GBM Americas, grew last year by about 4% to about 2,400 employees, the paper reports. At the same time, the investment bank shrank on a global basis by 10%. It now has about 17,000 employees, down from 22,000 in 2007, according to the Journal.

The new complex is just off I-95 and across the street from the UBS building, which lays claim to the world's largest trading floor. The RBS trading floor has room for 1,000 traders, but currently has about 900. The building also boasts a rooftop garden over its parking garage, a gym, an indoor cafe and receptionists clad in tartan-plaid blazers.

Here are architectural renderings on BlogStamford.

Write to Laura Lorber




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