RBC I&TS wins custody mandate from Canadian real estate fund manager 

RBC I&TS will provide custody and investment administration services for the Presima Yield Fund.

By Jonathan Watkins

RBC Investor & Treasury Services (RBC I&TS) has been appointed to provide custody and investment administration services for Canadian fund manager Presima.

Presima, a specialist boutique focused exclusively on global real estate securities, commended RBC’s experience and end-to-end support in its decision in selecting the bank as its custodian for the Presima Yield Fund. 

“Adding one of our funds to the Fundserv platform and being able to offer our investment solutions to a different type of clientele is a new and exciting experience for us. In selecting a partner to do this, we wanted to ensure that we would get end-to-end support from an experienced and trusted provider – and that is why we selected RBC Investor & Treasury Services to accompany us as a partner, stated Emmanuel Matte, CEO of Presima.

In Global Custodian’s 2019 Agent Banks in Major Markets survey, RBC earned a score of 5.57 in Canada, just ahead of the market average, following high scores in asset servicing and liquidity management. 

I am confident our sophisticated technologybased solutions and considerable experience in the market will allow us to provide them [Presima] with an exemplary level of client service,” said Sylvain Gervais, managing director and co-head, Quebec and Eastern Canada, RBC I&TS.   

The custodian bank has had an eventful summer with a handful of global moves, including selling its Australian custody business to Citi and its Hong Kong-based corporate services business to SMP Group, a private-equity backed fund administrator. 

At the end of 2019, RBC also launched a new collateral management service by leveraging technology from CloudMargin, with the aim to boost its middle-office suite.