Real Estate Central

Scott Eichel and David Cannon Named Co-Heads of Growing Team That Includes
16 New Professionals

GREENWICH, Conn., Aug. 27 /PRNewswire/ — RBS Greenwich Capital, a
leading institutional fixed-income firm that provides the full range of
debt capital markets services and is part of The Royal Bank of Scotland
(RBS), today announced the expansion of its Mortgage Business with the
addition of 16 professionals to its Mortgage-Backed Securities team.
Fifteen of the hires join RBS from Bear Stearns & Co., led by Scott Eichel,
who will Co-Head Asset-Backed and Mortgage Trading with RBS veteran David
Cannon.

Mr. Eichel is joined by six other traders from Bear Stearns, including
his two senior traders, Adam Siegel and Paul Van Lingen. Joining Eichel,
Siegel and Van Lingen are ABX trader David Dietche, CDO trader Matt Katke,
CDS trader Keith Lind and ARMS trader Joe Steffa. RBS has also hired John
Suh from Bank of America Securities to trade Mortgage Derivatives.

“I’m looking forward to having Scott as a partner to further strengthen
the mortgage platform as we aspire to become our customers’ top
counterparty across the mortgage product line,” said Mr. Cannon. “These
additions are a perfect complement to the existing team that was already
considered one of the strongest on the street.”

RBS also bolstered its No. 1 ranked (Orion Surveys 2006 and 2007)
35-person institutional MBS sales team with the addition of eight
salespeople, also from Bear Stearns. The additions to the sales team
include Corey DeForrest, Andrew Javorksy, Dan Hoffman, Andrew Kail, Jesse
Maffei, Lou Rosenfeld, and Darryl Smith in Connecticut, and Matt Zisette
who joins the Los Angeles office.

“We are excited to have a group of salespeople and traders of this
caliber coming on board,” said Jeffrey DiModica, Managing Director and Head
of ABS Sales in Greenwich. “We believe this team is well-positioned as a
premier MBS/ABS counterparty across all product lines in which our
customers are involved.”

RBS Greenwich Capital is a wholly-owned subsidiary of The Royal Bank of
Scotland Group (RBS) and leading institutional fixed-income firm providing
the full range of debt capital market services to both those seeking to
raise capital and those seeking to invest it. Established in 1981, RBS
Greenwich Capital is a perennial industry leader in the US Treasury, agency
and mortgage-backed securities markets, and in providing real estate and
asset-backed financing to its customers. Working alongside its parent, RBS,
the firm has established a significant presence in the US credit, foreign
exchange and derivatives markets. The firm also has a longstanding
reputation in providing high-quality futures brokerage services and trade
strategies to select clients. For more information about RBS Greenwich
Capital, visit http://www.rbsgc.com.

The Royal Bank of Scotland Group is one of the largest financial
services groups in the world and includes NatWest, Coutts, Ulster Bank,
Direct Line and Churchill Insurance. In 2007, RBS, in conjunction with
Fortis Bank and Banco Santander acquired ABN AMRO. It serves over 30
million customers worldwide and employs 140,000 people in 4 continents.



Contact:
Josh Passman
Cubitt Jacobs & Prosek
212.279.3115 x 203
jpassman@cjpcom.com

Peter Ward
RBS Global Banking & Markets
203.618.6783
peter.ward@rbsgc.com

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[Via Real Estate Newswire]