Genus Capital Management extends mandate with RBC I&TS

Custodian’s Trade Management Service adopted by Vancouver-based independent investment management firm.

By Jonathan Watkins

Genus Capital Management has adopted RBC Investor & Treasury Services’ (RBC I&TS) middle-office end-to-end post-trade execution service. 

Genus is a Vancouver-based independent wealth management firm and a long-standing client of RBC I&TS.

The solution it has now opted for – Trade Management – delivers 24/6 coverage for all markets, providing near real-time transparency on the complete ‘post-execution’ trade lifecycle, broker performance, and settlement risk.  

RBC said the service will provide Genus with increased control and visibility of its funds’ trading activity, providing a scalable, resilient, global operating model. 

“Our Trade Management platform provides Genus with access to RBC’s global trade management expertise, supporting its expansion into new markets and cross-border transactions, and enabling the firm to respond to evolving regulatory and market changes,” said Paul Folk, MD, head of asset managers, RBC I&TS. 

Global Custodian published an in-depth feature on the future of RBC I&TS earlier this week after the asset servicer announced it would be selling its European unit to CACEIS. This followed similar moves in Hong Kong and Australia.  

Francis Jackson, CEO of RBC I&ITS, explained how the custodian was looking to divest Europe, but invest in Canada, and explained how the business will receive significant investment for its efforts in North America. 

Stephen Au, CEO, Genus, added: “We are pleased to have extended our relationship with RBC I&TS to include Trade Management services, and look forward to our continuing relationship with the team.  

“We are confident that the Trade Management platform will help to drive Genus’ growth by providing the data visualisation tools required to give us even better oversight of our processes and risks.”