HALIFAX, Nov. 13 /CNW/ - RBC Dexia Investor Services has been selected by
SEAMARK Asset Management Ltd. (TSX: SM) to provide a full range of investor
services including custody, fund administration, recordkeeping, foreign
exchange and securities lending for that company's newly-launched family of
"After conducting a comprehensive assessment of the capabilities and
offerings of the various investor services providers in the Canadian market,
we concluded that RBC Dexia was the company most closely aligned with our
long-term business objectives," said Stuart Raftus, Chief Executive Officer of
SEAMARK Asset Management Ltd. "We were particularly impressed with RBC Dexia's
ability to combine a global product offering with a dedicated, local service
team right here in Halifax."
"We would like to congratulate SEAMARK Asset Management on the recent
launch of their line of mutual funds. Over the past 25 years, SEAMARK has
established an excellent reputation by focusing on the long-term needs of
their clients," said José Placido, Chief Executive Officer of RBC Dexia. "We
share that commitment to client service excellence and look forward to a long
and mutually beneficial working relationship together."
RBC Dexia has been named the world's No. 1 custodian overall for four
consecutive years in the Global Investor Global Custody Survey (2004 - 2007)
and three consecutive years in the R&M Consultants Global Custody Survey (2005
- 2007). In October 2007, RBC Dexia was awarded 'Top-Rated' status by Global
Custodian magazine based on the quality of its custody services to
institutional investors in Canada.
About SEAMARK Asset Management Ltd.
SEAMARK Asset Management Ltd. (TSX:SM) provides investment management
services across Canada to institutional clients, mutual funds, private
clients, and the managed portfolio advisory programs (wrap programs) of many
of Canada's leading investment dealers.
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 2.6 trillion in client assets under
administration. Our innovative products and services help clients maximise
operational efficiency, minimise risk and enhance portfolio returns. And our
more than 4,500 professionals in 15 markets offer proven expertise to enhance
clients' business performance.
For further information:
For further information: Warren Weeks, RBC Dexia Investor Services,
Toronto, (416) 955-7048