RBC Dexia Investor Services has been reappointed by CI Investments Inc. to provide custody, fund administration, securities lending, foreign exchange and investment counselor services for its private client business.
This service extension, the culmination of a comprehensive competitive bidding process, is the fourth successive five-year term that CI Investments has engaged with RBC Dexia to service CI Investments’ $75 billion in assets under administration.
“We have enjoyed a positive working relationship with RBC Dexia since 1996,” says David Pauli, executive vice president and COO of CI Investments. “After a thorough review of the capabilities and offerings of the various providers in the marketplace, we found RBC Dexia’s exceptional service proposition, people and competitive pricing all to be true differentiators and key drivers in our selection.”
John Lockbaum, managing director of Canada for RBC Dexia, adds: “Having CI Investments renew with RBC Dexia for a fourth successive term is proof of the strength of the relationship and our ongoing commitment to providing them with an evolving and dynamic service solution customized to their needs. Having one of Canada’s leading investment managers demonstrate its confidence in our people and the service offering we provide is a testament to our commitment to them and the Canadian financial marketplace.”
(CG)