Italian fund manager names global custodian 11 June 2013Milan Reporter: Mark Dugdale
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RBC Investor & Treasury Services will provide global custody, fund accounting, transfer agency, cash management, collateral management, securities lending, and risk and investment compliance services to Polaris Investment after being named the fund manager’s global custodian.
In operation since February 2004, Polaris is the largest Italian platform domiciled in Luxembourg. It manages in excess of €6 billion of assets belonging to institutional investors.
Professor Alessandro Penati, director of Polaris, noted RBC Investor & Treasury Services’s expertise in fund servicing, securities lending and collateral management, and its strong track record in managing complex pooling structures, as reasons for the mandate.
Mauro Dognini, managing director in Italy at RBC Investor & Treasury Services, added: “This is an important mandate for us with the leading emerging actor in the Italian fund industry.”
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