RBC Investor & Treasury Services has been appointed as custodian and fund administrator for Sun Life Financial Canada's new line of segregated funds in the Canadian market.

This extends RBC's relationship with Sun Life Financial which dates back to 1989.

“We are pleased to be working with RBC Investor & Treasury Services, our fund administration partner. The breadth and depth of RBC in the Canadian custodial space as well as their expertise with fund administration were key elements in our decision to partner with them,” said Brigitte Parent, SVP individual insurance & wealth at Sun Life Financial Canada.

“We are excited to launch Sun Life Guaranteed Investment Funds, our new suite of segregated fund products designed to allow investors to save with protection in a volatile market, access money when they need it and, with the retirement income products, receive lifetime guaranteed retirement income.”

Sun Life Financial is a international financial services organisation providing protection and wealth products and services to individuals and corporate customers. As of December 31 2014 the Sun Life Financial group of companies had total assets under management of $734bn.

“We are delighted to be appointed by Sun Life Financial – a strong global brand with a history of partnerships across RBC,” said Harry Samuel, chief executive officer of RBC Investor & Treasury Services. 

“We look forward to extending our successful relationship with Sun Life Financial Canada to support their growth with the launch of their new segregated funds.”