RBC Dexia named No. 1 global custodian for third consecutive year

    LONDON, March 7 /CNW/ - RBC Dexia Investor Services today announced that
it has been ranked the No. 1 global custodian in the world for a third
consecutive year in R&M Consultants' 2007 Global Custody Survey.
    "This year, having come top of the R&M Survey, RBC Dexia has once again
demonstrated its outstanding commitment to providing the highest level of
client service," said Richard Hogsflesh, Managing Director of R&M Surveys.
"This has been achieved after merging the two separate investor services
divisions of RBC and Dexia and they have set the standard for other custodians
of how to pull together complex businesses effectively and without adverse
impact on clients."
    In addition to its top overall ranking in the R&M Survey, RBC Dexia was
also named:

    -  No. 1 provider of global custody services in the UK
    -  No. 1 provider of global custody services in Canada
    -  No. 1 provider of global custody services to asset owners
    -  No. 1 provider of global custody services to asset managers

    "It is a tremendous honour to be the named the world's No. 1 global
custodian in this prestigious and very competitive survey for a third
consecutive year," said Rob Wright, Chief Operating Officer of RBC Dexia.
"What makes this achievement particularly meaningful for RBC Dexia is that the
R&M survey results are voted upon by clients themselves. We appreciate this
vote of confidence and remain committed to providing our clients with the best
service in the industry."
    The annual R&M Survey is based on responses from investment managers,
pension funds, charities and other financial institutions around the world.
The UK-based survey measures clients' satisfaction with the services performed
by global custodians. The overall ranking of global custodians for 2007 is as

    2007 (2006)          Service Provider
    1 (1)           RBC Dexia Investor Services
    2 (5)           Mellon Group
    3 (4)           UBS AG
    4 (2)           Pictet
    5 (7)           Brown Brothers Harriman
    6 (10)          Credit Suisse
    T7 (6)          Northern Trust
    T7 (8)          BNP Paribas SS
    T9 (9)          HSBC SS
    T9 (3)          Société Générale
    11 (11)         JP Morgan
    12 (T13)        Citigroup
    T13 (T13)       State Street
    T13 (12)        Bank of New York

    Complete survey results can be found at www.clientalkback.com. The annual
R&M Survey is just one of the highly-respected industry surveys in which RBC
Dexia has achieved outstanding results. RBC Dexia was also named the No. 1
global custodian in the world for three consecutive years in the Global
Investor Global Custody Survey (2004, 2005 and 2006).

    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'
business performance.


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; Lucie Maestro, RBC Dexia Investor Services, Toronto, (416)

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