RBC Investor & Treasury Services appointed custodian, administrator and registry agent by Warakirri Asset Management

Sydney, 15 October, 2018 — RBC Investor & Treasury Services, part of Royal Bank of Canada (RY on TSX and NYSE), today announced the successful onboarding of core custody, fund administration, registry and risk and investment analytic services for Warakirri Asset Management.

Melbourne-based Warakirri Asset Management (Warakirri) offers specialist investment for charities, global and domestic pension funds as well as individual investors across Australian and international equities, Australian agriculture, currency management and US real estate.

Jim McKay, Warakirri Managing Director, pointed to RBC’s continuing investment in technology, particularly in relation to data as a differentiator: “We were impressed with RBC’s technology platform and strong commitment to the ongoing development of their IT and service platform. This aligns with Warakirri’s own commitment to investing in our business to continue to deliver high quality investment outcomes and service to our clients.

“Not only were RBC  able to offer a solution tailored to meet our AMIT requirements, but a  consolidated offer inclusive of wholesale and retail registry services.”

As one of the largest and fastest growing fund management markets in the world, Australia is a key focus for RBC Investor & Treasury Services. It is currently transforming the way it operates in Australia through system enhancements and digital solutions as part of a multi-year technology integration program together with developing a global middle office solution.

David Travers, Head of RBC Investor & Treasury Services Australia, said: “We are finding that asset managers want more than commoditised custody services and want a true partner.

“We are looking forward to working with Warakirri to leverage the benefits of our investment in technology with improved efficiencies, enhanced data capabilities, reduced complexity and a seamless user experience.”

In Australia, RBC Investor & Treasury Services has been a leading provider of investment administration outsourcing services to fund managers for 17 years and offers a full range of custodial and other services to safeguard clients’ assets, maximise liquidity and manage risk.

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For more information, please contact:

Camilla Herring

About RBC Investor & Treasury Services
RBC Investor & Treasury Services (RBC I&TS) is a specialist provider of asset services, a leader in Canadian cash management and transaction banking services, and a provider of treasury services to institutional clients worldwide, with over 4,000 employees in 17 countries across North America, Europe, Asia and Australia. We deliver services which safeguard client assets, underpinned by client-centric digital solutions which continue to be enhanced and evolved in line with our clients’ changing needs. Trusted with CAD 4.2 trillion in client assets under administration, RBC I&TS has been rated by our clients as the #1 global custodian for eight consecutive years and is a financially strong partner with among the highest credit ratings globally.

About RBC
Royal Bank of Canada is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance. Our success comes from the 84,000+ employees who bring our vision, values and strategy to life so we can help our clients thrive and communities prosper. As Canada’s biggest bank, and one of the largest in the world based on market capitalization, we have a diversified business model with a focus on innovation and providing exceptional experiences to our 16 million clients in Canada, the U.S. and 34 other countries. Learn more at rbc.com.‎

We are proud to support a broad range of community initiatives through donations, community investments and employee volunteer activities. See how at: rbc.com/community-sustainability.