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RBC Dexia wins KIID mandate
14 June 2012
RBC Dexia Investor Services has picked up new business from Impax Asset Management
Impax Asset Management
RBC Dexia Investor Services has won a new mandate from Impax Asset Management to provide key investor information document (KIID) services for their Irish UCITS funds.
Fund managers have until July 1 to file their KIIDs with local supervisory authorities and there have been concerns that some may miss the deadline, which Global Investor/ISF investigated in a recent article.
Impax chose RBC Dexia for its track record and transparency, according to Impax’s Darren Johnson, chief operating officer.
The custodian already provides the firm with fund accounting, custody and financial reporting.