HONG KONG, July 7 /CNW/ - RBC Dexia Investor Services today announced that it has been appointed by Sun Life Trustee Company Limited, a Hong Kong subsidiary of Sun Life Financial Inc., to provide custodian and fund administration services for its Sun Life Rainbow ORSO Scheme that consists of 13 investment funds and one deposit administration fund.
RBC Dexia already provides custodian and fund administration services for another Sun Life pension scheme with AUM of US$780 million.
"We are very pleased by Sun Life's decision to extend our working relationship," said Scott McLaren, Managing Director at RBC Dexia Investor Services Hong Kong. "Our 10-year long partnership with Sun Life means that we have a comprehensive understanding of their needs which enables us to anticipate their needs, ensuring we are able to continue to deliver efficiency benefits in the future."
"RBC Dexia has provided an excellent level of service and this appointment was a natural evolution of our existing relationship. RBC Dexia's service provision brings significant operational benefits to Sun Life and our 100,000-strong Mandatory Provident Fund (MPF) customer base," said Roger Steel, CEO, Sun Life Hong Kong.
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 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
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