The Investor Services division of RBC Investor & Treasury Services (RBC IS) has been retained as global custodian provider to Industrial Alliance Insurance and Financial Services, the fourth largest life and health insurance company in Canada.
RBC IS will continue to provide custody, foreign exchange and securities lending services for Industrial Alliance.
“RBC Investor & Treasury Services was a logical choice for us. We have successfully partnered in the past and they have proven that they fully understand how we work and are aligned with our business,” said Sylvain Côté, senior director of Administration, Systems and Investment Risk Monitoring, Industrial Alliance.
RBC IS began its relationship with Industrial Alliance in 1998 when selected as custodian. It later expanded the relationship in October 2006 when selected as custodian by subsidiary IA Clarington Investments Inc.
RBC IS Continues Custodian Relationship With Industrial Alliance
The Investor Services division of RBC Investor & Treasury Services (RBC IS) has been retained as global custodian provider to Industrial Alliance Insurance and Financial Services, the fourth largest life and health insurance company in Canada.