New bank, new full custodial mandate 01 November 2010London Reporter: Justin Lawson
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RBC Dexia Investor Services has announced that it has been appointed to provide Metro Bank Plc ("Metro Bank") with full custody services in the UK. Metro Bank is the first new high street bank to be granted a license by the FSA in more than 100 years.
Craig Donaldson, CEO of Metro Bank, said "Our primary focus at Metro Bank is on ensuring our customers are given the best possible service and RBC Dexia understands this. RBC Dexia provides a strategic fit to support us in our expansion plans going forward."
Richard Hale, Head of Sales and Relationship Management for the UK, Ireland and the Middle East, said: "Our relationship with Metro Bank is based on a mutual appreciation of our drive and ambition. We look forward to working with Metro Bank and to supporting its plans in the UK retail banking sector."
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