RMJM hires 'Fred the Shred'
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.