RBC Investor & Treasury Services has been named custodian by Evermore Capital Inc. for Canada’s first target date ETFs, eight of which were launched in February. RBC I&TS will also provide ETF accounting and administration services.
This is a new relationship with Evermore, a Canadian asset management company currently focused on retirement ETFs. Myron Genyk, CEO and co-founder of Evermore, pointed to the strength of the new relationship, saying: “RBC I&TS deserves a lot of credit for their smooth and seamless onboarding process. We look forward to continuing to work closely with them as we grow our business.”