RBC Dexia Investor Services says it has been re-appointed as custody provider for OTG Financial Inc. (previously known as Ontario Teachers Group).
Under a new and expanded mandate, RBC Dexia Investor Services will also provide fund valuation services on behalf of OTG Financial, which currently manages more than CAD$500 million for around 16,000 active and retired members teachers and auxiliaries in Ontario and British Columbia.
“We continue to be impressed by the high level of service and overall capabilities of RBC Dexia Investor Services and look forward to building on our existing relationship,” says Bob Dameron, President and Chief Executive Officer of OTG Financial. “We are committed to growing our business and the range of services we provide to our 16,000 members. This relationship with RBC Dexia Investor Services allows us to focus on those objectives and gives us peace of mind, knowing our custody and fund administration requirements are being handled by the industry leader.”
“We are pleased that OTG Financial has selected RBC Dexia Investor Services for our custody and fund valuation services and look forward to continuing the positive working relationship between our two organizations,” adds Rob Baillie, Head, North America, Sales & Relationship Management, RBC Dexia Investor Services. “We are committed to working on behalf of the members of OTG Financial in the months and years ahead and remain focused on helping the organization increase the effectiveness of its operations and minimize exposure to risk.”