RBC I&TS Wins U.S. UCITS Mandate

RBC Investor & Treasury Services (RBC I&TS) has been appointed custodian and fund administrator by Hamlin Capital Management.

RBC I&TS will provide custody and fund administration services for the new Hamlin high dividend equity UCITS fund, in addition to shareholder and trustee services, and financial reporting.

Hamlin is a New York-based, 1940 Act investment firm, which advises both individuals and institutions.

“Given the depth and breadth of their experience and their commitment to client service, we are confident RBC is best positioned to support our growth,” says Mark Stitzer, founder and managing partner, Hamlin Capital Management.

“U.S. fund managers are increasingly seeking growth outside of their traditional domestic markets, and are attracted by countries like Ireland and Luxembourg and their status as international hubs for globally distributed investment funds, notably UCITS,” adds Kevin O’Neill, managing director, asset managers – North America, RBC I&TS.

The mandate comes after RBC I&TS announced a string of appointments for its U.S. team earlier this week, as it looks to target U.S. based asset managers with offshore funds.