RBC Dexia Investor Services has been selected as custodian and securities lending provider for the Universit du Qubec’s CAD 2.3 billion (USD 2.16 Billion) pension fund.
The Universit du Qubec is the largest university network in Canada, benefiting 87,000 students in nearly 50 Quebec cities.
“After an extensive assessment of the capabilities of the various investor services providers in the Qubec marketplace, we are determined that RBC Dexia would provide the best overall fit for our organisation,” says Richard Laflamme, General Director of the Universit du Qubec’s pension fund.
Franois Bouchy-Picon, Regional Head, Eastern Canada for RBC Dexia adds: “The Universit du Qubec has a long and successful history as one of this country’s leading academic institutions. We are extremely pleased to welcome them as a new client and look forward to providing the integrated investor services solutions and high level of client focus they are looking for.”