RBC Dexia Investor Services was selected by Bridgewater Bank to provide custody and reporting services for the bank’s Canada Mortgage Bond Investment portfolio. This signifies an expansion of the existing relationship that RBC Dexia has with parent company, Alberta Motor Association, to include investor services for the banking arm of the business.
“Bridgewater Bank was looking to partner with an investor services provider in support of the continued growth of our organization,” says Barry Guise, manager of securitization at Bridgewater Bank. “We determined RBC Dexia provides the best overall service offering to meet our long-term needs. Not only are they widely recognized as the leading custody provider in Canada, but their commitment to quality client service is second to none. We firmly believe RBC Dexia is the best choice to provide custody and reporting for our growing portfolio.”
RBC Dexia has been named the world’s No. 1 custodian overall for four consecutive years in the Global Investor Global Custody Survey (2004 to 2007) and three consecutive years in the R&M Consultants Global Custody Survey (2005 to 2007).
“We are extremely pleased to be embarking on this new relationship with such a well-respected member of the Canadian financial services community,” says Brent Wilkins, head of sales and relationship management, North America for RBC Dexia Investor Services. “We are looking forward to providing Bridgewater Bank with the highest quality of service possible as we deliver on their needs in the areas of custody and reporting.”