RBC Dexia Investor Services has widened its relationship with Singapore-based fund management firm APS Asset Management, to include the custody of the existing APS Alpha Fund and the custody, fund administration and transfer agency of the APS Vietnam Alpha Fund.
As of 26 February 2010, APS Alpha Fund has S$59.2 million under management.
Northern Trust, HSBC and RBC Dexia all hold trustee and custodial mandates within APS Asset Management.
Dominique Draux, managing director of RBC Dexia Trust Services Singapore, commented: “A number of our existing clients are now looking at what else they can outsource to us that is either not core to their business, or with a third party, limiting operational consistency. As a specialist investment services provider, we are able to offer solutions that leverage the automation we have across a variety of services. This allows us to provide exceptional operational efficiency and risk mitigation to our clients”.