MADRID, May 16 /CNW/ - RBC Dexia Investor Services announced today that
it has been appointed by Amundi Iberia SGIIC SA as the provider of
automated fund administration services for its suite of collective
investment funds (IIC). The deal will allow Amundi Iberia to improve
the administration of its IICs while retaining overall control of the
processes. As part of the agreement, RBC Dexia has integrated three
Amundi Iberia employees to ensure a seamless provision of its services.
Michel Escalera, Managing Director of Amundi Iberia, said: "RBC Dexia's
experience and consultative approach were key in our decision to
subcontract our fund administration services to them. We are very
pleased with how smoothly they have managed the transfer of our
operations and staff."
Amundi Iberia, the Spanish subsidiary of the company created last year
from the merger of Crédit Agricole and Société Générale's asset
management divisions, manages 46 investment vehicles with total assets
of EUR 750 million as of 31 December 2010.
Commenting on the deal, Jose-Maria Alonso Gamo, Managing Director of RBC
Dexia Spain, said: "This is a crucial appointment for us, cementing the
position of RBC Dexia Activos, our fund administration division, as
Spain's largest third party service provider. We are delighted to
welcome our new employees and look forward to working with them on this
exciting new challenge."
RBC Dexia came top of the latest R&M Consultants Global Custody Survey.
The company also excelled in number of other recent awards, obtaining
"Top Ranked" status in four key categories in Global Custodian's 2010
Global Custody Survey, and obtaining the highest ranking for the
domestic Spanish market in its Agent Banks Survey 2010. The company was
also named 2010 European Custodian of the Year by Funds Europe
magazine; #1 global custodian overall for the Americas and EMEA in
Global Investor's 2010 Global Custody Survey; and 'European Transfer
Agent of the Year' and 'Fund Administrator of the Year: Luxembourg' at
the 2010 ICFA European Awards.
About RBC Dexia Investor Services
RBC Dexia Investor Services offers a complete range of investor services
to institutions worldwide. Our unique offshore and onshore solutions,
combined with the expertise of our 5,400 professionals in 15 markets,
help clients grow their business and sustain enhanced performance
through efficiency improvements and robust risk management practices.
Equally owned by RBC and Dexia, the company ranks among the world's top
10 global custodians with USD 2.8 trillion in client assets under
Amundi is the third-largest management company in continental Europe and
the eighth-largest asset manager1 in the world with almost €690 billion in assets under management2.
With operations in the main investment centres in more than 30
countries, Amundi offers a comprehensive range of products, covering
all asset classes and the major currencies.
Amundi develops savings solutions suited to the needs of more than 100
million retail clients throughout the world and constructs tailor-made,
innovative products for institutional clients, adapted to their
business and risk profile.
With the support of two powerful banking groups, Crédit Agricole and
Société Générale, Amundi aims to become the leading European asset
manager, widely acknowledged for:
the quality of its investment solutions, their financial performance and
building close relationships with its clients, partner networks and
its efficient organisation, born of the individual and collective
talents of its teams
its commitment to integrate sustainable development and socially
responsible criteria as well as financial criteria in its investment
In Spain, Amundi Iberia SGIIC SA, supervised and registered at CNMV
under number 31, integrates and organizes the activities of management,
advisory and distribution of Amundi in Spain and Portugal, and serves
as a platform for business development for Latin America.
RBC Dexia Investor Services Limited is a holding company that provides
strategic direction and management oversight to its affiliates,
including RBC Dexia Investor Services Bank S.A., a credit institution
licensed in Luxembourg by the Commission de Surveillance du Secteur
Financier and the Ministry of Finance. All are licensed users of the
RBC trademark (a registered trademark of Royal Bank of Canada) and
Dexia trademark (a registered mark of Dexia Crédit Local) and conduct
their global custody and investment administration business under the
RBC Dexia Investor Services brand name.
1 Open-ended and dedicated funds and mandates - Source IPE Top 400
published June 2010, data as of December 2009
2 Data Amundi Group scope as of 31 December 2010
SOURCE RBC Dexia Investor Services
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