TORONTO, April 5 /CNW/ - Schroder Investment Management (Luxembourg) S.A.
("Schroders") has selected RBC Dexia Investor Services to provide
locally-required Canadian sub-recordkeeping services for 23 of its Luxembourg
investment funds, which are being distributed to offshore clients through the
Canadian investment dealer network.
This announcement represents a geographical expansion of the previous
working relationship between the two companies. In 2004, Schroders selected
Dexia Fund Services to provide recordkeeping services for its investment funds
distributed to offshore clients via US intermediaries. With the joint venture
that created RBC Dexia, Schroders saw a unique opportunity to leverage the
company's increased size, scope and capabilities to help grow its own business
in the Canadian market.
"We are extremely confident in our selection of RBC Dexia. Their people
have consistently demonstrated a willingness to understand our long-term
objectives and a desire to help us grow our business," said Gary Janaway, Head
of Operations for Schroder Fund Services Luxembourg. "We enjoyed a very
positive relationship with Dexia Fund Services prior to their joint venture
and have been particularly impressed with the new company's expanded range of
capabilities and global reach. We found they were uniquely positioned to help
support our growth in new jurisdictions around the world, such as Canada, and
that was a significant factor in our decision."
"We are very pleased to be strengthening our working relationship with
Schroders," said Brent Wilkins, Head, Sales & Relationship Management,
Americas for RBC Dexia. "We're looking forward to a long-term, mutually
beneficial relationship and are honoured to play a role in Schroders'
ambitious plans for continued growth and success."
About Schroder Investment Management (Luxembourg) S.A.
Schroder Investment Management (Luxembourg) S.A. is a subsidiary company
of Schroder Plc, a global asset management company with (pnds
stlg)128.5 billion ($251.5 billion / (euro)190.8 billion) under management as
at 31 December 2006. Clients are major financial institutions including
pension funds, banks and insurance companies, local and public authorities,
governments, charities, high net worth individuals and retail investors. For
further information, visit www.schroders.com.
About RBC Dexia Investor Services
RBC Dexia Investor Services offers a complete range of investor services
to institutions worldwide. Established in January 2006, we are a joint venture
equally owned by Royal Bank of Canada and Dexia. We rank among the world's top
10 global custodians, with USD 2.3 trillion in client assets under
administration. Our innovative products and services help clients maximize
operational efficiency, minimize risk and enhance portfolio returns. And our
4,400 professionals in 15 markets offer proven expertise to enhance clients'
For further information:
For further information: Helen Jed, RBC Dexia Investor Services, London,
44 020 7653 4463; Alethia Lyriotakis, RBC Dexia Investor Services, Luxembourg,
352 2605 9675; Warren Weeks, RBC Dexia Investor Services, Toronto, (416) 955