Dexia and Royal Bank of Canada finalized a joint venture to combine their institutional investor services businesses. The new company, RBC Dexia Investor Services touts approximately $2 trillion assets under custody.
“With our combined strengths, expanded global reach and solid financial backing, RBC Dexia Investor Services offers clients both the breadth and depth necessary to enhance their business and become more efficient and competitive,” said Jos Placido, CEO of the new company.
London-based RBC Dexia Investor Services Limited is the holding company that will direct and manage the operating companies, RBC Dexia Investor Services Trust in Canada and RBC Dexia Investor Services Bank in Luxembourg.