Australian mandate win for RBC I&TS 08 March 2017Sydney Reporter: Stephanie Palmer
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RBC Investor & Treasury Services (I&TS) has won the mandate to provide custody and administration services to Uniting Financial Services (UFS) in Australia.
UFS is the treasury and investment services arm of The Uniting Church in Australia, Synod of New South Wales and the Australian Capital Territory, and focuses on ethical and environment, social and governance investment.
Currently, it has about $1.25 billion in funds under management.
According to UFS, the mandate was based partly on RBC I&TS’s experience and specialist expertise.
Warren Bird, executive director of UFS, said: “The investments that RBC I&TS is making in its technology and product offering reinforced our confidence in them as our service provider of choice.”
“Its status as one of the strongest banks in the world with the highest credit rating of all the global custody providers operating in Australia was also an important factor in our selection of RBC.”
David Travers, managing director for Australia at RBC I&TS, said: “We are committed to supporting our clients through our integrated offering and our operational capability.”
“We continue to invest in our technology and our coverage capabilities in order to provide clients such as UFS with outstanding service to support their growth in Australia.”
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