SYDNEY, March 29 /CNW/ - RBC Dexia Investor Services today announced that it has been awarded a mandate by Australian Indexed Investments (Aii), a member of the Euro Finance Group, to provide custody for their newly-launched Exchange Traded Funds (ETFs).
"RBC Dexia is clearly the custodian that understands the partnership approach and has a commitment to a high level of service that sets them apart," said Jim Socratous, Managing Director, Aii.
"Being flexible to our client needs is part of the purpose of building sustainable relationships," said David Travers, Managing Director of RBC Dexia Investor Services in Australia. "We are confident RBC Dexia offers the optimal custody solution for Aii."
RBC Dexia Investor Services was recently ranked number one overall in the Global Investor Global Custody Survey for the sixth consecutive year (2004 - 2009). RBC Dexia also excelled in the annual R&M Consultants Global Custody Survey, and was ranked the number one service provider by fund managers and number one for Europe in Global Custodian's 2009 Global Custody Survey. RBC Dexia was also named Global Custody: Client Relationship Manager of the Year in ICFA's 2009 Global Awards.
About Australian Indexed Investments
Australian Indexed investments is a member of the Euro Finance Group, an Australian owned and managed group, established in 1989 which provides funds management and mortgage management capabilities, and has established a strong reputation and expertise. Euro Finance Group's funds under management have been in the order of $100 million, whilst its mortgage management funds have achieved over $500 million on behalf of various finance institutions.
The Australian Indexed Investments entity was established by the Euro Finance Group to list a number of exchange traded funds on the ASX. Australian Index Investments initial offering includes 6 Australian Equity Sector ETF's and an additional series of strategically targeted ETF's will be introduced over the next 2-5 years.
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 5,300 professionals in 16 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 2.5 trillion in client assets under administration.
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.
SOURCE RBC Investor & Treasury Services
For further information: For further information: RBC Dexia: Tracey Dawes-Lucas, Sydney, +(612) 8262 5011, firstname.lastname@example.org; Jason Graham, Toronto, (416) 955-5800, email@example.com