Page 25 - RBS GRG F Case Study

West

Register?

West Register

was the

division of
GRG which

was responsible for buying and managing the assets of

companies within GRG, including property and equity

stakes. In April of 2014 it was reported that West Register
was to be wound up in response to the adverse claims

against GRG.

In October 2016 after a series of leaks containing

sensitive material was published by BuzzFeed News and

BBC Newsnight the lid came off RBS’ turnaround division,

Global Restructuring Group’s activities which the bank

had used to systematically destroy businesses by

charging extortionate fees and aggressive restructuring.

The process whereby these businesses were drained of

cash and stripped of assets was perpetrated by West

Register a division within GRG which acted as a property

investment company responsible for buying and

managing the assets of companies within GRG.

“Derek Sach, head of the now-defunct Global

Restructuring Group, was also a director of West Register.

He stepped down from his role as director of West
Register sometime before appearing in the House of