Bank Systems & Technology is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Management Strategies

10:10 AM
Connect Directly

Royal Bank of Canada Completes Acquisition of Global Investor Services Business

Dexia Investor Services Limited will be rebranded as RBC Investor Services.

Royal Bank of Canada today announced it has completed the acquisition of the 50 percent stake of investment services firm RBC Dexia Investor Services Limited that RBC did not already own from Banque Internationale à Luxembourg S.A. With this transaction, RBC becomes the sole owner of the firm, which is being rebranded RBC Investor Services.

According to Royal Bank of Canada, the firm is a top 10 global custodian with a focus in client service excellence and execution. Results for RBC Investor Services will continue to be included within RBC's International Banking segment, which also includes results from RBC's Caribbean banking and U.S. cross-border banking businesses, said the bank.

"The industry fundamentals are very attractive and this business is positioned for solid long-term growth," said Jim Westlake, Group Head, International Banking and Insurance, RBC, in a statement. "We look forward to building on our strong relationships with clients in our goal to become the premier provider of investor services worldwide."

Bryan Yurcan is associate editor for Bank Systems and Technology. He has worked in various editorial capacities for newspapers and magazines for the past 8 years. After beginning his career as a municipal and courts reporter for daily newspapers in upstate New York, Bryan has ... View Full Bio

Comment  | 
Print  | 
More Insights
Register for Bank Systems & Technology Newsletters
Bank Systems & Technology Radio
Archived Audio Interviews
Join Bank Systems & Technology Associate Editor Bryan Yurcan, and guests Karen Massey and Jerry Silva from IDC Financial Insights, for a conversation about the firm's 11th annual FinTech rankings.