LUXEMBOURG, June 8 /CNW/ - RBC Dexia Investor Services said today that it has been selected by Solidar Fondservice "Solidar", the Swedish pension adviser, to provide custody, foreign exchange, fund administration, transfer agency and distribution support services. RBC Dexia will also assist with creating the legal infrastructure for the company's new Luxembourg domiciled funds and provide all middle and back office functions.
Nils-Olof Ekholm, Chief Executive of Solidar commented: "We are extremely pleased to be working with RBC Dexia. We have a significant footprint in the Swedish pensions arena and look forward to expanding our portfolio into Luxembourg. We feel RBC Dexia's consultative approach, tight product fit and extensive experience in global fund servicing matched our needs perfectly."
Simon Shapland, Head of Sales and Distribution for Europe at RBC Dexia, said: "We are delighted to be working with such a distinguished organisation within the Swedish pension funds sector. Our open and active communication strategy and clear understanding of Solidar's strategic business objectives positions us well as we embark upon our partnership. We look forward to building our relationship over the coming years."
RBC Dexia Investor Services recently received top scores in seven key categories in the 2010 Global Investor Global Custody Survey, including No. 1 overall for the Americas and EMEA. 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 Solidar Fondservice AB
Solidar Fondservice (Solidar) was established in 2003. The Swedish firm offer discretionary asset allocation services to Swedish pension savers and saving plans to insurance companies and pension funds. Solidar employs 12 people in four branches in Sweden. Their coverage extends to over 100,000 clients and they manage over 9bn SEK.
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 processes. 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: Alex Clelland, London, +44 (0)20 7002 2009, email@example.com