RBC Dexia Investor Services was selected by IA Clarington Investments Inc. to provide custody for an investment portfolio of approximately CAD 5 billion.
IA Clarington is a subsidiary of Industrial Alliance Insurance and Financial Services Inc. and markets a wide range of investment products, which are managed by Canadian and international portfolio managers.
“We were impressed not only by the broad range of investor services provided by RBC Dexia, but also by their reputation for delivering responsive, expert client service,” says Gavin Foo, senior vice president for finance and chief financial officer, IA Clarington Investments Inc. “This unique combination of speed and scope set RBC Dexia apart from the other providers in the market and made them an ideal choice as custodian for our portfolio.”
“We are extremely pleased to welcome IA Clarington Investments as our newest client in the Canadian market,” says Francois Bouchy-Picon, regional head of Eastern Canada, RBC Dexia. “We continue to be encouraged that Canada’s most successful, respected institutional investors, such as IA Clarington, are choosing RBC Dexia to help them increase the efficiency of their operations and minimize risk. We anticipate a long and productive working relationship together.”