RBC Dexia Investor Services has been re-appointed as investor services provider for VIA Rail Canadas CA$1.5 billion pension plan. RBC Dexia will provide VIA Rail with a range of services including custody, securities lending and investment analytics services.
The re-appointment will extends until 2014.
Established in 1977, VIA Rail operates Canadas national passenger rail service.
We are confident in our decision to extend VIA Rails working relationship with RBC Dexia for another five years, said Francois Quinty, Director, Investment Management at VIA Rail. We are comforted by the solid financial position of RBC Dexia as well as the very competitive value for money proposition that they offer, with a commitment to high quality client service. We feel they are well-positioned to support the needs of our pension plans in the years ahead.
We are very pleased to be extending our working relationship with an organization as widely respected and as distinctly Canadian as VIA Rail, said John Lockbaum, Managing Director, Canada for RBC Dexia. This announcement is just the latest example of a major Canadian pension plan taking advantage of RBC Dexias extensive product suite, advanced technology solutions and commitment to client service excellence. We are truly looking forward to continuing to work with our colleagues at VIA Rail in the years ahead.