RBC Dexia Investor Services has won a new mandate from Comgest, the independent international asset management group, to provide Key Investor Information Document (KIID) services to the Dublin-domiciled Comgest Growth Fund.
RBC Dexia already provides a variety of services to Comgest, including fund accounting, custody and financial reporting.
This new mandate derives directly from the high level of service we have provided to Comgest over a period of ten years, says David Dibben, head of Global Fund Products at RBC Dexia. Now that the KIID has arrived, fund managers are examining which aspects of the documentation and production process they keep in-house, and where using an outsourcing partner can deliver value. By selecting the right outsourced solutions and partners, asset managers can focus on their core business and meet regulatory requirements in a cost-efficient way.
KIID became a legal requirement July 1 as part of the UCITS IV legislation to provide investors with an overview of the key features of all UCITS investment products.
We have worked with RBC Dexia for over a decade and its important at these times of changing legislation that we work with a partner that we trust and has a proven track record, says Jean-Christophe Dousset, director of Comgest. We look forward to further developing our relationship with RBC Dexia
(CG)