LUXEMBOURG, Jan. 19 /CNW/ - RBC Dexia Investor Services has been selected by RMK Timberland Group to provide custody, fund administration and shareholder services for a Specialised Investment Fund (SIF) in Luxembourg. The RMK Global Timberland Resources Fund was created to provide institutional investors with the opportunity to participate in a widely diversified timberland investment strategy. The fund is expected to make investments in South America, Southern Africa, and Central and Eastern Europe.
"RMK Timberland Group is recognized worldwide as a true pioneer when it comes to sustainable, responsible timberland investing," said Laurent Vanderweyen, Managing Director, Luxembourg for RBC Dexia Investor Services. "We look forward to using our experience servicing specialized investment funds to help RMK Global Timberland Resources Fund grow and prosper."
"We chose RBC Dexia not only because of their extensive experience servicing funds like ours in the European market, but they also recognize that a successful business relationship is built on trust and commitment," said Charlie Daniel, President and CIO, RMK Timberland Group. "Our fund is a truly global portfolio and with RBC Dexia, we now have a truly global service provider."
Many non-resident private investment funds based in foreign jurisdictions are looking to increase the marketability of their funds in the European market using the SICAV-SIF format. RBC Dexia is firmly established in Luxembourg and has a history of successfully servicing funds in this format for investment managers around the world.
RMK Timberland Group operates as a business unit partner of Regions Morgan Keegan Trust and Morgan Asset Management, the trust and asset management arm of Regions Financial Corporation. Based in Atlanta, Georgia, the group was created in 1981 and was a pioneer in timberland investing when it started one of the first commingled timberland funds for institutional investors. Today, RMK manages assets in excess of $2 billion.
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 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 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 2.3 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.
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