MONTREAL, Oct. 1 /CNW/ - RBC Dexia Investor Services today announced that
it has been selected by IA Clarington Investments Inc. to provide custody for
an investment portfolio of approximately CAD 5 billion. IA Clarington is a
subsidiary of Industrial Alliance Insurance and Financial Services Inc. and
markets a wide range of investment products which are managed by leading
Canadian and international portfolio managers.
"We were impressed not only by the broad range of investor services
provided by RBC Dexia, but also by their reputation for delivering responsive,
expert client service," said Gavin Foo, Senior Vice-President, Finance and
Chief Financial Officer, IA Clarington Investments Inc. "This unique
combination of speed and scope set RBC Dexia apart from the other providers in
the market and made them an ideal choice as custodian for our portfolio."
"We are extremely pleased to welcome IA Clarington Investments as our
newest client in the Canadian market," said François Bouchy-Picon, Regional
Head, Eastern Canada for RBC Dexia. "We continue to be encouraged that
Canada's most successful, respected institutional investors, such as IA
Clarington, are choosing RBC Dexia to help them increase the efficiency of
their operations and minimize risk. We anticipate a long and productive
working relationship together."
RBC Dexia has been named the world's No. 1 custodian overall for four
consecutive years in the Global Investor Global Custody Survey (2004 - 2007)
and three consecutive years in the R&M Consultants Global Custody Survey (2005
About IA Clarington Investments Inc.
IA Clarington Investments Inc. (IA Clarington) is a fund manager that
markets a wide range of investment products, including mutual funds,
segregated funds, principal protected notes and closed end funds. These funds
are managed by a broad range of leading Canadian and international portfolio
managers. IA Clarington manages over $7 billion in assets. IA Clarington is a
subsidiary of Industrial Alliance Insurance and Financial Services Inc.
(Industrial Alliance), the fifth largest life and health insurance company in
Canada. Created in 1892, Industrial Alliance manages and administers
$50 billion in assets.
About RBC Dexia Investor Services
RBC Dexia Investor Services offers a complete range of investor services
to institutions worldwide. Established in January 2006, we are a joint venture
equally owned by Royal Bank of Canada and Dexia. We rank among the world's top
10 global custodians, with USD 2.6 trillion in client assets under
administration. Our innovative products and services help clients maximise
operational efficiency, minimise risk and enhance portfolio returns. And our
more than 4,500 professionals in 15 markets offer proven expertise to enhance
clients' business performance.
For further information:
For further information: Helen Jed, RBC Dexia Investor Services, London,
44 020 7653 4463; Warren Weeks, RBC Dexia Investor Services, Toronto, (416)