Citi has signed a memorandum of understanding with RBC in Australia that gives Citi the right to negotiate with RBC’s clients following the Canadian bank’s decision to withdraw from the investor services business in the country. RBC has been in Australia since 2001, when it acquired Perpetual Fund Services, and as recently as this year…
Category: RBC
RBC to service Daiwa AM’s first Lux UCITS fund
RBC Investor & Treasury Services has supported the launch of the first Luxembourg UCITS fund for Daiwa Asset Management, the second largest asset management company in Japan. RBC will provide custody, fund accounting, transfer agency and depositary services.
Doug Guzman appointed group executive for RBC I&TS
Following the departure of Harry Samuel, the CEO of RBC Investor & Treasury Services, Francis Jackson has assumed the newly created role of CEO of the investor services business globally. Jackson initially reports to Doug McGregor, CEO of RBC Capital Markets and group head, RBC Capital Markets and RBC I&TS. Following McGregor’s retirement in January…
Harry Samuel to leave RBC
17JUL19: Harry Samuel is to leave RBC. Samuel has been CEO of RBC Investor & Treasury Services since 2013, and has been at the bank for 30 years. Although a direct replacement has not been announced, it is understood that Francis Jackson, who joined in 2015 as global head of client coverage, will assume responsibility…