ORONTO, October 29, 2018 — RBC Investor & Treasury Services (RBC I&TS), part of Royal Bank of Canada (RY on TSX and NYSE), today announced it has been appointed custodian by First Block Capital Inc. (“First Block”), on its new actively managed FBC Distributed Ledger Technology Adopters ETF, which launched on October 11, 2018. RBC I&TS will also provide fund valuation, ETF administration and tax reporting services.
This is the fourth new ETF mandate for RBC I&TS this year and reflects our focus on delivering strong client service while providing best-in-class products and experiences. Our continued investment in technology ensures RBC I&TS can enhance the value of client data, creating insight-based solutions for clients in Canada and around the world.
"As newcomers to ETFs, it was essential for First Block Capital to partner with a team whose collaborative, professional culture and strong technology platform complemented our ETF ambitions,” said Bill Stormont, Chief Operating Officer, First Block Capital. “RBC IT&S’ client-centric approach was a key success factor for our launch and we look forward to working with them in the future as we grow our presence in this space."
“Our new mandate with First Block demonstrates that RBC Investor & Treasury Services possesses the skills, technology and client service capabilities to benefit the ETF sector,” said David Linds, Head, Asset Servicing Canada, RBC Investor & Treasury Services. “We are pleased to assist First Block with its custody, fund valuation, ETF administration and tax reporting services and remain confident we can continue to respond to First Block’s, and the ETF market’s, evolving needs.”
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 as at August 22, 2018, 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.
- 30 -
For more information, please contact:
Briana D’Archi
+1 416 955 5658
briana.darchi@rbc.com