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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.
