RBC Dexia Investor Services has been re-appointed as Canadian custodian and securities lending provider for the Province of Manitoba. This service extension, which followed a competitive bidding process, sees the Canadian bank continue a relationship which goes back 13 years.
“The Province of Manitoba has enjoyed a positive working relationship with RBC Dexia Investor Services since 1993,” says Scott Wiebe, Director of Treasury & Banking Operations for the Province of Manitoba. “After reviewing the strategic options available in the Canadian marketplace, we found RBC Dexia Investor Services to be the strongest provider. They know our business and they have always demonstrated a willingness to go the extra mile. We are confident in our choice of retaining RBC Dexia Investor Services as our provider of Canadian custody and securities lending services.”
Under this new agreement, RBC Dexia Investor Services will provide custody and securities lending services to the Province of Manitoba.
“We are delighted by this announcement and look forward to continuing our successful working relationship with the Province of Manitoba in the months and years to come,” says Jos Placido, Chief Executive Officer of RBC Dexia Investor Services. “We are pleased that the Province has demonstrated such confidence in our people and our service offering. We remain committed to helping the Province of Manitoba continue to increase the effectiveness of their operations, minimize their exposure to risk and enhance their returns.”