RBC Dexia Investor Services is opening new office in Malaysia. The launch of its Malaysian office extends RBC Dexia’s operations to 16 countries around the world. The new office is one of five RBC Dexia operational hubs worldwide and will have a staff complement of 260 by the end of 2009.
“RBC Dexia has experienced a strong, sustained period of business growth,” says Jose Placido, chief executive officer of RBC Dexia. “Not only will the opening of this new office provide our clients with access to 24-hour service capability – it will also help to support the influx of new business and anticipated future growth, and further enhance the scalability of our global operations.”
RBC Dexia’s Malaysian workforce, skilled in the areas of accounting, finance, and IT, will provide transactional activities for custody and fund administration, preliminary accounting work for net asset valuations, reconciliation for securities, cash and foreign exchange, and critical transactional support for its round-the-clock global service model.
“As a leading processing centre for the financial services industry, Malaysia complements our existing operations in the fast-growing Asia-Pacific region,” says Rob Wright, chief operating officer of RBC Dexia. “For clients, the opening of this new office means increased operational efficiency and enhanced 24-hour coverage. And for RBC Dexia, it represents a strategic advantage that will help make us more competitive and better position the company for continued growth and success in the years ahead.”
RBC Dexia has been named the world’s number one custodian overall for five consecutive years in the Global Investor Global Custody Survey (2004 – 2008).
D.C.