RBC Investor & Treasury Services is rebranding as RBC Investor Services. The refresh follows the completion of the acquisition of RBC Investor Services’ operations in Europe and Malaysia by CACEIS.
As a part of the realignment of the Canadian business, RBC’s treasury services as previously announced, now falls under RBC Capital Markets. “These strategic moves highlight RBC’s commitment to our core Canadian market and will position RBCIS for future success,” the bank said.
Francis Jackson, CEO of RBC Investor Services noted that RBCIS sees significant opportunity to compete in Canada and take pride in helping drive our clients’ success “through innovative, tailored solutions that address their evolving needs.” He addede that, “We are confident our rebranding and strategic initiatives will further strengthen our position as a trusted partner.”
As Global Custodian reported earlier this week, the acquisition of RBC Investor Services’ UK and Jersey businesses is expected to take place in the coming months, subject to regulatory approval.
Commenting on the acquisition, Jean-Pierre Michalowski, CEO of CACEIS, said: “This deal further strengthens CACEIS’ leadership position as a front-running asset servicing player. I believe that the staff who are joining us are proud to be part of our group. Together we will construct the benchmark for the sector in Europe. With motivated individuals all working collectively to serve our clients, we are on the right track.”