TORONTO, May 13 /CNW/ - RBC Dexia Investor Services today announced that
it has been appointed by United Food and Commercial Workers Pension
Plan to provide Custody and Benefit Payment services for their
multi-employer pension plan. With more than 36,000 members, represented
by UFCW Local 1518 and Local 247, it is one of British Columbia's
largest private sector multi-employer unions.
"Adding UFCW as a client increases RBC Dexia's Western Canada pension
presence with 14 of the top 16 British Columbia pension plans selecting
RBC Dexia as a premier pension custodian," said John Lockbaum, Managing
Director, Canada for RBC Dexia Investor Services. "Using our
sophisticated line up of technology based solutions will enable us to
provide UFCW with an exemplary level of client service with timely,
efficient custodial and benefit payment services."
RBC Dexia came out on top of the latest R&M Consultants Global Custody
Survey. The company also excelled in a number of other recent awards,
being named 2010 European Custodian of the Year by Funds Europe
magazine; No.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
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 Dexia Investor Services
For further information:
Jason Graham, Toronto, 416 955 5800; firstname.lastname@example.org