Schroder Investment Management (Luxembourg) has selected RBC Dexia Investor Services to provide locally-required Canadian sub-recordkeeping services for 23 of its Luxembourg investment funds, which are being distributed to offshore clients through the Canadian investment dealer network.
This is a geographical expansion of the previous working relationship between the two companies. In 2004, Schroders selected Dexia Fund Services to provide recordkeeping services for its investment funds distributed to offshore clients through US intermediaries. With the joint venture that created RBC Dexia, Schroders saw an opportunity to use the company’s increased size, scope and capabilities to help grow its own business in the Canadian market.
“We are extremely confident in our selection of RBC Dexia. Their people have consistently demonstrated a willingness to understand our long-term objectives and a desire to help us grow our business,” says Gary Janaway, head of operations for Schroder Fund Services Luxembourg. “We enjoyed a very positive relationship with Dexia Fund Services prior to their joint venture and have been particularly impressed with the new company’s expanded range of capabilities and global reach. We found they were uniquely positioned to help support our growth in new jurisdictions around the world, such as Canada, and that was a significant factor in our decision.”
Brent Wilkins, head of sales and relationship management, Americas for RBC Dexia, adds,
“We are very pleased to be strengthening our working relationship with Schroders. We’re looking forward to a long-term, mutually beneficial relationship and are honoured to play a role in Schroders’ ambitious plans for continued growth and success.”