Industrial Alliance names RBC as global custodian 20 June 2013Toronto Reporter: Jenna Jones
Image: Shutterstock
Industrial Alliance Insurance and Financial services has named RBC Investor & Treasury Services, part of the Royal Bank of Canada, as its global custodian.
RBC Investor & Treasury Services will continue to provide custody, foreign exchange and securities lending services for Industrial Alliance.
Commenting on the mandate, John Lockbaum, managing director of RBC Investor & Treasury Services in Canada, said: “Our history with Industrial Alliance, as well as our proven track record and leading position supporting Canadian insurers means we are ideally positioned to work with such an established company.”
Sylvain Côté, senior director administration, systems and investment risk monitoring at Industrial Alliance said: “RBC Investor & Treasury Services was a logical choice for us. We have successfully partnered in the past and they have proven that they fully understand how we work and are aligned with our business.”
NO FEE, NO RISK 100% ON RETURNSIf you invest in only one asset servicing news source this
year, make sure it is your free subscription to Asset Servicing Times
Image: Shutterstock 