The move has brought the bank’s corporate, commercial and Lombard businesses and private bank Coutts’ new office under one roof.

The new building in Silbury Boulevard, is a major investment in both its business and its people, said Graham Laurence, RBS senior director of commercial banking for the South East Midlands. RBS aimed to increase its significant market share through both organic growth and acquiring new business. “That’s reflected in the investment we have made,” he added.

The new offices contain state-of-the-art video conferencing facilities, six meeting rooms and a working environment far superior to that in its former Exchange House offices, Mr Laurence (pictured) said.

“I am really proud of what we have done with the new building. It is a reflection of the increasing role Milton Keynes is playing as a quasi-regional financial centre. The staff are very positive about it but the real motivation always was to consolidate the business for the benefit of the customer.”

RBS employs more than 300 people at its Corporate Service Centre also in Silbury Boulevard and one of only four in the UK providing dedicated back-office support to corporate and commercial customers.

Jon Bramwell, regional director of corporate banking East of England, said: “We are investing in the region’s future. With Milton Keynes continually growing, we have responded with a business plan that reflects these changes.”

RBS has also appointed Hugh Riddlesdell as head of mid-corporates for the region. Paul Heerey has taken over as local director of core commercial banking.

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