July 27, 2012
Today, we begin an exciting new chapter in our business as RBC Investor Services Limited, a wholly-owned subsidiary of RBC, one of the largest and most financially sound banks in the world. The press release is available here.
As announced on April 3, RBC agreed to purchase Dexia’s 50% share of RBC Dexia Investor Services Limited. This transaction has received all necessary regulatory approvals and is now complete. To reflect our new ownership, our global brand name will change to RBC Investor Services. We will be making corresponding changes to the legal entity names within the Group, including RBC Investor Services Bank, RBC Investor Services Trust, and RBC Investor Services Limited, but otherwise will not be making any changes to the legal entity structure of the Group. We anticipate that these name changes will be completed before commencement of business on Monday, July 30.
RBC Investor Services is a premier provider of investor services to asset managers, financial institutions and other institutional investors worldwide. Our clients will benefit from RBC’s financial strength, complementary capabilities through wealth management and capital markets, and commitment to growth. Together, RBC and RBC Investor Services look forward to helping our clients achieve their ambitions through our global reach, technology and product innovation, and dedication to client service excellence.
We are committed to ensuring a seamless transition and will keep you updated on developments as we move forward.
International Banking and Insurance
CEO, RBC Dexia Investor Services