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NatWest creates new post-Brexit Frankfurt unit for UK customers

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Reuters UK

LONDON (Reuters) – NatWest has established a new unit in Frankfurt, the bank said on Tuesday, aimed at serving British customers on the continent following Britain’s exit from the European Union. The lender’s European clients will continue to be served by its hub in Amsterdam. NatWest said it had appointed Thomas Jakob, a former UniCredit banker, as Chief Executive Officer of the new Frankfurt-based entity which will be called NatWest Bank Europe. The move shows how banks are still reorganising themselves after Britain’s exit from the European Union left them unable to continue serving custome…

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