LONDON, June 27 /CNW/ - RBC Dexia Investor Services today announced that
it has been selected by Swiss Re's UK Admin Re(R) operation to provide custody
and net asset valuation for a GBP 1.75 billion portfolio of funds.
"We were impressed by the scope of RBC Dexia's capabilities, as well as
our experience of their flexibility and excellent client service," said Nick
Hayter, Chief Financial Officer of Swiss Re's UK Admin Re(R) operation. "We
have worked with RBC Dexia since 2004 in other areas of our business and feel
that they are the best choice to provide custody and net asset valuation for
this new fund."
"We are delighted that Swiss Re has selected RBC Dexia," said Joanna
Meager, Managing Director, UK for RBC Dexia. "The awarding of this mandate
demonstrates that our strategic business approach continues to resonate with
clients. At the core of that approach is a simple, but powerful objective - to
deliver tailored solutions and industry-leading service to our corporate and
institutional investors around the world."
RBC Dexia has been named the world's No. 1 custodian 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).
About Swiss Re
Swiss Re is the world's leading and most diversified global reinsurer.
The company operates through offices in more than 25 countries. Founded in
Zurich, Switzerland in 1863, Swiss Re offers financial services products that
enable risk-taking essential to enterprise and progress. The company's
traditional reinsurance products and related services for property and
casualty, as well as the life and health business, are complemented by
insurance-based corporate finance solutions and supplementary services for
comprehensive risk management. Swiss Re is rated "AA-" by Standard & Poor's,
"Aa2" by Moody's and "A+" by A.M. Best.
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 2.4 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 4,300 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; Warren Weeks, RBC Dexia Investor Services, Toronto, (416)