RBC Dexia Investor Services today has been selected by Swiss Re’s UK Admin Re operation to provide custody and net asset valuation for a 1.75 billion portfolio of funds.
“We were impressed by the scope of RBC Dexia’s capabilities, as well as our experience of their flexibility and excellent client service,” says Nick Hayter, CFO of Swiss Re’s UK Admin Re operation. “We have worked with RBC Dexia since 2004 in other areas of our business and feel that they are the best choice to provide custody and net asset valuation for this new fund.”
Joanna Meager, managing director for the UK for RBC Dexia, adds: “We are delighted that Swiss Re has selected RBC Dexia. The awarding of this mandate demonstrates that our strategic business approach continues to resonate with clients. At the core of that approach is a simple, but powerful objective – to deliver tailored solutions and industry-leading service to our corporate and institutional investors around the world.”