Alberta Teachers’ Retirement Fund Board has re-appoint ed RBC Global Services Institutional & Investor Services (IIS) as custodian of its C$2.5 billion portfolio of pension plan assets.
“After an extensive review and selection process that involved examining global custody services available, supplier capabilities and compatibility with our systems, we have concluded that RBC Global Services remains the best fit for our organization,” says Emilian Groch, executive director of ATRF. “RBC Global Services’ experience, strong leadership and its knowledgeable, dedicated team of professionals impressed us and demonstrated the value of continuing with this long-standing partnership.”
“We are delighted that ATRF has chosen RBC Global Services as theirpreferred custody service provider, indicating its trust and confidence in our company,” adds Jos? Placido, executive vice-president, RBC Global Services. “We are proud of this established relationship and are committed to providing first-rate, quality customer service that has become the foundation of our organization.”
The Alberta Teachers’ Retirement Fund Board (ATRF) is a corporation established under the Teachers’ Pension Plans Act. From its office in Edmonton, ATRF administers the Teachers’ Pension Plan for all Alberta teachers employed in school jurisdictions and charter schools. ATRF also administers the Private School Teachers’ Pension Plan for teachers employed by those private schools in Alberta that have elected to join the plan. ATRF provides retirement benefits, information services and asset management for 63,000 Alberta teachers, inactive teachers and pensioners. Total assets of the pension plan are $2.5 billion.