Dublin, October 26, 2017 — RBC Investor & Treasury Services, part of Royal Bank of Canada (RY on TSX and NYSE), today announced that it has been appointed by Pinnacle Investment Management as custodian and fund administrator for its new Irish domiciled Pinnacle ICAV UCITS fund.
RBC I&TS will provide custody, fund administration, treasury, collateral management and related UCITS fund services from its operations in Dublin. RBC I&TS’ relationship with Pinnacle Investment Management dates back to 2013 and also provides a full service offering to its managers in Australia.
Andrew Findlay, Director, Distribution at Pinnacle Investment Management commented: “RBC’s support of our growth in Australia combined with their strong track record in servicing offshore managers in Ireland have been key drivers in our decision to select them.”
“RBC I&TS is celebrating 20 years in Ireland this year and this new win is further evidence of our ability and commitment to delivering outstanding client experiences,” said Padraig Kenny, Managing Director, RBC I&TS, Ireland. “It also demonstrates Ireland’s attractiveness as an offshore financial centre for international fund managers. We look forward to extending our existing relationship with Pinnacle and supporting the growth of its new fund.”
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About RBC Investor & Treasury Services
RBC Investor & Treasury Services (RBC I&TS) is a specialist provider of asset services, custody, payments and treasury services for financial and other institutional investors worldwide. We serve clients from 17 countries across North America, Europe, Asia and Australia, delivering services to safeguard client assets and maximize liquidity. As a strong, stable partner, focused on meeting our clients' evolving needs, RBC I&TS has an unwavering commitment to managing operational risk in our business and the highest credit ratings among our peers. Rated by our clients as the #1 global custodian for seven consecutive years, RBC I&TS is trusted with CAD 4.2 trillion in client assets under administration as at July 31, 2017.
About RBC
Royal Bank of Canada is Canada’s largest bank, and one of the largest banks in the world, based on market capitalization. We are one of North America’s leading diversified financial services companies, and provide personal and commercial banking, wealth management, insurance, investor services and capital markets products and services on a global basis. We have approximately 81,000 full- and part-time employees who serve more than 16 million personal, business, public sector and institutional clients through offices in Canada, the U.S. and 35 other countries. For more information, please visit rbc.com.
RBC helps communities prosper, supporting a broad range of community initiatives through donations, community investments and employee volunteer activities. For more information please see: http://www.rbc.com/community-sustainability/.
For more information, please contact:
Estelle Gayout
+44 (0) 20 7429 8477
estelle.gayout@rbc.com