RBC Global Services, Institutional & Investor Services (IIS) has expanded its custodial agreement with Mavrix Fund Management Inc. to include outsourcing of the fund valuations for its 25 funds.
“To help us with our plans for business expansion and launching new funds, we needed to find a partner who had the experience and technology to provide first-class service and products that would meet our needs,” said Ray Steele, Chief Operating Officer & Chief Financial Officer, Mavrix Fund Management Inc. “Our established partnership with RBC made them a natural choice. We already had the confidence in their client service abilities and RBC had the insight and knowledge of our business to make the transition simple and easy.”
“Outsourcing continues to play a crucial role as many companies look to develop and expand their business and need to find a partner who can leverage existing technologies and services to help them grow,” said Rob Wright, Managing Director Global Fund Services, RBC Global Services. “As a leader in the industry, RBC is proud that we can provide a complete, end-to-end service solution that will meet our clients’ needs now and in the future.”