SINGAPORE, Feb. 17 /CNW/ - RBC Dexia Investor Services has extended its
relationship with DBS Asset Management (DBSAM) to include the custody,
fund administration, transfer agency, foreign exchange and cash
management for the DBSAM RMB Bond Fund, DBSAM China Wage Dynamic Fund
and the DBSAM China Rail Network Opportunities Fund.
This mandate strengthens RBC Dexia's position as the provider of choice
by early adopting Asian fund managers like DBSAM looking to leverage
the changing dynamics of the Renminbi (RMB) and the China growth story.
Diana Senanayake, Managing Director of RBC Dexia Trust Services
Singapore, commented: "DBSAM was looking for a nimble and trusted
partner to service these funds and RBC Dexia was able to quickly
establish the support infrastructure needed to meet their timeframes.
Having strong relationships in the Cayman Islands also allowed us to
offer DBSAM an end-to-end solution to support the set up of an Umbrella
Trust structure specific to that region."
Deborah Ho, Chief Executive Officer of DBSAM, said: "DBSAM was born and
bred in Asia, and is firmly committed to both broadening and deepening
its roots here. In recent weeks, we have successfully launched
specialist investment funds to fulfil the investment needs of our High
Net Worth clients. We have also announced a strategic partnership with
Nikko Asset Management Co., Ltd, taking us farther down the path of
being recognised as the leading independent Asian asset management
house. To these ends, we have taken careful and deliberate steps over
the last year in preparing our platform for our next stage of growth.
It is therefore very important that we have a trusted partner such as
RBC Dexia to support us as we grow.
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
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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
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