Following the acquisition of RBC Investor Services’ operations in Europe and Malaysia by CACEIS, RBC Investor & Treasury Services (I&TS) has rebranded as RBC Investor Services. The treasury services unit now falls under RBC’s capital markets business line.
Category: RBC
RBC completes deal with CACEIS
RBC has completed the sale of the European asset servicing activities of RBC Investor Services, and its associated Malaysian centre of excellence, to CACEIS. CACEIS’ acquisition of the business of the UK branch of RBC Investor Services Trust and RBC Investor Services business in Jersey is expected to take place in the coming months, subject…
Optimum expands RBC relationship
RBC Investor Services has expanded its relationship with Optimum Asset Management, a Quebec-based asset management subsidiary of Optimum Financial Group. The expanded mandate includes custody, fund accounting and shareholder services for OGP’s nine mutual funds. RBC previously provided custody, fund accounting and TA for six of Optimum’s funds. The relationship was expanded by transferring funds…
Joanna Meager steps down from RBC
Joanna Meager has stepped down from her role at RBC Investor & Treasury Services. Meager joined RBC in 2007 from Deutsche Bank, and was global head of client operations for nearly 11 years. Latterly, she was country head for RBC I&TS in the UK. RBC has signed an MoU with CACEIS for the sale of…
RBC wins ETF mandates from Mulvihill
RBC Investor & Treasury Services has been appointed as custodian and fund administrator for three Mulvihill Capital Management ETFs trading on the TSX: Mulvihill Canadian Bank Enhanced Yield ETF, Mulvihill Premium Yield Fund ETF, and Mulvihill U.S. Health Care Enhanced Yield ETF. Mulvihill, a Toronto-based wealth management firm, is a recent entrant to the ETF…
Starlight consolidates with RBC
RBC Investor & Treasury Services has been selected by Starlight Investments Capital LP to provide custody, fund administration and shareholder services for its newly consolidated business, following Starlight Capital’s acquisition of Stone Investment Group Limited. A subsidiary of the real estate investment and asset management firm Starlight Investments, Starlight Capital is an independent, Toronto-based asset…
Street goes to Novatus
Novatus Advisory, a UK-based risk, regulation and ESG consultancy and technology solution provider, has appointed Richard Street as chief revenue officer for its RegTech division. Street was previously at RBC, and has also worked at Citi.
Genus extends relationship with RBC
Genus Capital Management has implemented the middle office end-to-end post-trade execution service from RBC Investor Services. Genus, a longstanding RBC client, is a Vancouver-based independent investment management firm. The trade management service delivers 24/6 coverage for all markets, providing near real-time transparency on the complete post-execution trade lifecycle, broker performance, and settlement risk. Stephen Au,…
RBC hires two senior managers for Canada
RBC has hired Kevin Lui as head of custody product. He left Citi earlier this year after nearly 29 years. Additionally, Marijana Jovanovic has recently joined as head of product transformation, Canada. She joins from Manulife, where she was most recently responsible for leading transformation of the corporate treasury function. Prior to this, she was…
IQ-EQ hires from RBC I&TS
Samuel Kuborn has joined IQ-EQ as regional chief operating officer for continental Europe, based in Luxembourg. He previously spent nearly 13 years at RBC Investor & Treasury Services.