Claymore Investments has announced that it has selected RBC Dexia Investor Services to provide global custody, fund administration and securities lending services for its nine new exchange-traded funds (ETFs), recently launched under the Claymore ETF brand name.
“The launch of these new exchange-traded funds represents an important step in the evolution of Claymore’s long-term business strategy,” says Som Seif, president, Claymore Investments. “In support of this launch, one of our top priorities was to identify an investor services provider with an exceptional track record and a truly global operating model. After evaluating the alternatives available in the marketplace, we are confident that RBC Dexia provides the best strategic fit to help us achieve our long-term business objectives.”
“Claymore Investments has established itself as a premier provider of exchange-traded funds and we are extremely pleased that the company has demonstrated its confidence in RBC Dexia,” says Brent Wilkins, head, sales & relationship management, Americas for RBC Dexia. “Partnering with clients such as Claymore and allowing them to focus on their strategic priorities is the foundation of our proven business approach. We are looking forward to building a long-lasting working relationship.”