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RMJM hires 'Fred the Shred'

  • 32 Comments

Architecture giant RMJM has hired disgraced former Royal Bank of Scotland boss Fred Goodwin to work as senior advisor on international business

The 51-year-old Scot joined RMJM in December last year on an unknown salary with performance-related bonuses - just 13 months after being ousted from the chief executive role at RBS.

The Edinburgh-based practice, founded in 1956 and ranked 14th in the AJ100 survey of top UK practices, hired Goodwin because of his international experience.

A spokesperson for RMJM said: ‘We have appointed Sir Fred as an adviser to the business. Working closely with our executive team, Fred will be advising on our ongoing international strategy. He has a huge amount of international business experience. This is a rare [skill] set and one which is valuable and relevant to RMJM’.

Goodwin grew RBS to sit as one of the five largest global banks during his nine boom years as chief executive before it was bought-out by the taxpayer in the heat of the credit crunch.

Goodwin provoked outrage in December last year when on the same day it was announced RBS had made a record loss of £24.1 billion for 2008 it was revealed he would receive an annual pension of £650,000 for life.

The RMJM move renews Goodwin’s working relationship with Fraser Morrison, chief executive of RMJM’s North American operation. The pair worked together at Clydesdale Bank in the nineties - and Morrison helped arrange refuge for the disgraced banker in a mansion on the French Riviera when his British home was attacked at the height of the credit crunch. Fraser Morrison’s son Peter (pictured above with Goodwin and RMJM Director Paul Rodgers) is chief executive of RMJM.

RMJM is no stranger to controversy. Together with Catalonian architect Enric Miralles’ the firm designed the Scottish Parliament Building in Edinburgh, a project that ran 10 times over budget, was completed three years late and became the subject of a major public enquiry. More recently, it has drawn fire from UNESCO over its design for a 400 metre tower for Gazprom in St. Petersburg.

Goodwin is RMJM’s second high profile appointment in recent months. In October AJ revealed that RMJM had hired Will Alsop, despite the architect’s claim to have retired to concentrate on painting.

  • 32 Comments

Readers' comments (32)

  • "No, they call this a model Fred, apparently a plan has lots of squiggly lines on it"

    " ......and we gave staff a choice Fred, accept a pay cut or jump from here"

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  • Two hundred and ten thou a year plus expenses apparently.

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  • Unbelievable....

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  • Dominic Monaghan (centre of the photo - the guy from Lost) probably knows more about Architecture that Fred the Money Grabbing **** Shred does.

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  • Be this appointment as it may, I remain astonished that Goodwin still hasn't been stripped of his knighthood.

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  • when will this outfit actually deliver a building of any note?

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  • This is offensive. RMJM should be ashamed of themselves. Boycott these integrity-challenged twits!

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  • Architecture at that level of money, fees and expenses becomes a secondary issue.
    It's all about business and big money, who's who and how.
    Rather sad.
    At least it gives us more reasons and pride to carry on our projects!

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  • .....and the

    2010 Gerald Ratner Award
    for
    Outstanding Business Accomplishment

    goes to......

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  • RUMJUM have become the equivalent of the nouvelle riche crass soccer clubs who think they can 'buy' success...true quality exists through the rigour of delivering a wonderful product...the kid Morrison appears to think that somehow you can buy a brand (look at Mr Alsop's 'signing').

    RUMJUM used to have a brand and an ambition...a modernist (socialist!!!!) progressive direction - New Zealand house in Haymarket being a fine example. This has been lost, which is a real shame and loss to the profession.

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