Luxembourg, November 23, 2017 — RBC Investor & Treasury Services, part of Royal Bank of Canada (RY on TSX and NYSE), today announced that it has been appointed by Swedish asset manager Monyx as administrator for its UCITS SICAV umbrella.

RBC I&TS will provide custody, fund administration, transfer agency, securities lending, foreign exchange and related services to the asset manager, which provides solutions to occupational pension system assets in Sweden. The appointment of RBC I&TS follows Monyx’s decision to establish its own Management Company in Luxembourg.

Maria Schäder, CEO of Monyx Asset Management AB commented: “We chose RBC given the strength of its credit ratings, reputation and product offering. We also felt that their commitment to servicing the Nordic region and willingness to tailor solutions to our requirements made for a good fit.” 

“We have an excellent track record of servicing the unique needs of Nordic clients and continue to grow our UCITS market share of clients based in the region,” said Richard Street, Head of Europe and Middle East, Global Client Coverage for RBC I&TS. “Both Monyx and RBC have a clear focus on working closely with clients and we look forward to partnering with Monyx going forward.”

RBC I&TS also recently announced its appointment to service Aviva’s insurance assets in Canada and Australian firm Pinnacle Investment Management for its new Irish domiciled UCITS 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:

Ben Adams
+44 (0) 20 7653 4109
ben.adams@rbc.com