RBC Investor & Treasury Services Appointed Custodian By City Of Richmond Hill

RBC Investor & Treasury Services (RBC I&TS) has been appointed by the City of Richmond Hill (Richmond Hill) to provide custody and reporting services for the city’s consolidated assets. The partnership officially commenced on April 29, 2022.

The mandate is being overseen by Bernard Yu, Financial Management Advisor at Richmond Hill. “We have chosen RBC I&TS because of its solid track record in servicing other municipalities and adaptability to the evolving technological environment,” said Yu. “With the service and support we are getting from RBC I&TS, we are able to focus more exclusively on providing competitive returns for our residents and refining our own operational efficiencies.”

“The addition of Richmond Hill furthers our leading position in the custody services market,” said Paul Folk, Managing Director, RBC I&TS. “Our team brings both the in-depth knowledge and the technology to confidently provide Richmond Hill with wide-ranging solutions to meet its evolving needs. We are excited to be working together.”