Nordea appoints RBC I&TS as custodian for Swedish ETFs

Nordea sought to partner with a custody and fund administration provider that operates both in the Nordic market and in Luxembourg.

By Joe Parsons

RBC Investor and Treasury Services (RBC I&TS) has been appointed as the custodian for Nordea Market’s UCITS exchange traded funds (ETF) business listed in Sweden. 

The mandate also includes fund administration, transfer agency and other related services for the Nordea IndexGo product line, which offers significant investment strategies formalised to unique indicies.

Nordea sought to partner with a provider that operates both in the Nordic market and in Luxembourg.

“We are a leading provider in Luxembourg with a clear objective to further extend our client base in the Nordic region with a strong reputation and high rating” said Johan Lindberg, managing director, global client coverage, RBC I&TS.

“To be selected by Nordea for their ETF’s business is further evidence of our capabilities and reflects our growing market share in the region.”

RBC I&TS has been supporting Nordic clients for more than 20 years and has increased its share of Luxembourg assets managed by Nordic clients since 2015.

Earlier this week, RBC I&TS was appointed depositary and administrator for the Japanese-based Asset Management One Alternative Investments’ (AMOAI), covering AMOAI’s first global Luxembourg-domiciled infrastructure debt vehicle, Cosmic Blue PF Lotus FCP.