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RBC I&TS Extends Position In Sweden Following Appointment By Nordea Markets

Date 16/01/2019

RBC Investor & Treasury Services, part of Royal Bank of Canada (RY on TSX and NYSE), today announced that it has been appointed by Nordea Markets to provide custody, fund administration, transfer agency and related services for its UCITS Exchange Traded Funds (ETF) business listed in Sweden.

Nordea Markets is the leading international capital markets operator and investment banking partner in the Nordic region. Nordea IndexGo is an innovative solution created by Nordea Markets that offers sophisticated investment strategies formalised to unique indices. For this new product, they were looking for an experienced and strong partner both in the Nordic market and in Luxembourg, able to deliver tailor-made solutions to support their long-term growth.

“We are a leading provider in Luxembourg with a clear objective to further extend our client base in the Nordic region with a strong reputation and high rating” said Johan Lindberg, Managing Director, Global Client Coverage for RBC I&TS. “To be selected by Nordea for their ETF’s business is further evidence of our capabilities and reflects our growing market share in the region. We are proud to support Nordea Market’s long-term growth.”

RBC I&TS has been supporting Nordic clients for more than 20 years and consistently increasing its share of Luxembourg assets managed by Nordic clients since 2015.