TORONTO, May 11, 2015 /CNW/ - RBC Investor & Treasury Services, part of
Royal Bank of Canada (RY on TSX and NYSE), today announced that it has
extended its relationship with Sun Life Financial Canada, having been
appointed as custodian and fund administrator for its new line of
segregated funds in the Canadian market.
RBC Investor & Treasury Services is Canada's largest custodian and third
party fund administration and shareholder services provider, and is a
top 10 global custodian as measured by assets under administration,
with the highest credit ratings among its peers. RBC Investor &
Treasury Services is also a leader in Canadian clearing, cash
management and trade finance for financial institutions worldwide.
Sun Life Financial is a leading international financial services
organization providing a diverse range of protection and wealth
products and services to individuals and corporate customers. As of
December 31, 2014 the Sun Life Financial group of companies had total
assets under management of $734 billion.
RBC Investor & Treasury Services has an extensive history with Sun Life
Financial, dating back to 1989.
"We are delighted to be appointed by Sun Life Financial - a strong
global brand with a history of partnerships across RBC," said Harry
Samuel, chief executive officer, RBC Investor & Treasury Services. "We
look forward to extending our successful relationship with Sun Life
Financial Canada to support their growth with the launch of their new
segregated funds."
"We are excited to launch Sun Life Guaranteed Investment Funds, our new
industry-leading suite of segregated fund products designed to allow
investors to save with protection in a volatile market, access money
when they need it and, with the retirement income products, receive
lifetime guaranteed retirement income," said Brigitte Parent, SVP
Individual Insurance & Wealth, Sun Life Financial Canada. "We are
pleased to be working with RBC Investor & Treasury Services, our fund
administration partner. The breadth and depth of RBC in the Canadian
custodial space as well as their expertise with fund administration
were key elements in our decision to partner with them."
About RBC Investor & Treasury Services
RBC Investor & Treasury Services (RBC I&TS) is a specialist provider of
asset services, custody, payments and treasury services for financial
and other institutional investors worldwide. We serve clients from 18
locations across North America, Europe, Asia and Australia, delivering
custodial, advisory, financing and other services to safeguard clients'
assets, maximize liquidity and manage risk in multiple jurisdictions.
RBC I&TS ranks among the world's top 10 global asset servicing
businesses, with CAD 3.7 trillion (USD 3 trillion) in client assets
under administration (as at January 31, 2015).
About RBC
Royal Bank of Canada is Canada's largest bank, and one of the largest
banks in the world, based on market capitalization. We are one of North
America's leading diversified financial services companies, and provide
personal and commercial banking, wealth management, insurance, investor
services and capital markets products and services on a global basis.
We employ approximately 78,000 full- and part-time employees who serve
more than 16 million personal, business, public sector and
institutional clients through offices in Canada, the U.S. and 39 other
countries. For more information, please visit rbc.com.
RBC supports a broad range of community initiatives through donations,
sponsorships and employee volunteer activities. In 2014, we contributed
more than $111 million to causes worldwide, including donations and
community investments of more than $76 million and $35 million in
sponsorships.
© Royal Bank of Canada 2013. RBC Investor & Treasury Services™ is a
global brand name and is part of Royal Bank of Canada. RBC Investor &
Treasury Services is a specialist provider of asset servicing, custody,
payments and treasury services for financial and other institutional
investors worldwide. RBC Investor Services™ operates through two
primary operating companies, RBC Investor Services Trust and RBC
Investor Services Bank S.A., and their branches and affiliates. In the
UK, RBC Investor Services Trust operates through a branch authorized by
the Prudential Regulation Authority and regulated by the Financial
Conduct Authority and the Prudential Regulation Authority.
These materials are provided by RBC Investor & Treasury Services (RBC
I&TS) for general information purposes only. RBC I&TS makes no
representation or warranties and accepts no responsibility or liability
of any kind for their accuracy, reliability or completeness or for any
action taken, or results obtained, from the use of the materials.
Readers should be aware that the content of these materials should not
be regarded as legal, accounting, investment, financial, or other
professional advice, nor is it intended for such use.
® / ™ Trademarks of Royal Bank of Canada. Used under licence.
SOURCE RBC
