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RBC Dexia gets new name
27 July 2012
RBC Dexia Investor Services is now called RBC Investor Services to reflect the full RBC ownership
RBC Investor Services
RBC Dexia Investor Services has dropped the ‘Dexia’ part of its name following the completion of Royal Bank of Canada’s acquisition of the 50% remaining shares of the custodian.
RBC, which had already owned 50% of the shares, bought the remaining shares from Banque International a Luxembourg, meaning that it now has full ownership of RBC Investor Services.
Jose Placido, the custodian’s CEO, said RBC Investor Services will “benefit from RBC’s strength, complementary capabilities through wealth management and capital markets, and commitment to growth”.
“The industry fundamentals are very attractive and this business is positioned for solid long-term growth,” said Jim Westlake, Group Head, International Banking and Insurance at RBC. He added the bank will build on its strong relationships with clients to become the premier provider of investor services worldwide.