LONDON, Nov. 19, 2014 /CNW/ - RBC Investor & Treasury Services, part of Royal Bank of Canada (RY on TSX and NYSE) today announced it has won the Real Estate Fund Administrator of the Year title at the Custody Risk European Awards 2014. The prestigious awards recognise important contributions to the European custody, technology and fund administration industry over the year and are judged by an independent panel of experts from across the financial services industry.
RBC Investor & Treasury Services was recognised for the quality and consistency of its real estate fund administration services, which it provides to over 100 real estate fund managers covering a wide range of real estate investment strategies, including office, industrial, retail, residential and infrastructure portfolios. With over US$46 Billion under administration, RBC is the top fund administrator in Luxembourg and is well-positioned with strong capabilities in 12 further jurisdictions globally.
Sébastien Danloy, Managing Director, Continental Europe and Offshore, RBC Investor & Treasury Services, said: "We continue to develop our administration services in alternatives as asset managers and institutional investors increasingly invest in the asset class. With nearly 40 per cent market share in Luxembourg alone, our expertise in real estate fund administration is a strong differentiator for us and we are pleased to have received recognition for it in one of the industry's leading awards programmes."
About RBC Investor & Treasury Services
RBC Investor & Treasury Services (RBC I&TS) is a leading specialist provider of asset servicing, 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. We deliver custodial, advisory, financing and other services to safeguard clients' assets, maximize liquidity and manage risk in multiple jurisdictions. RBC I&TS is ranked among the world's top 10 global asset servicing businesses, with CAD 3.54 trillion (USD 3.25 trillion in client assets under administration (as at July 31, 2014).
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 services, insurance, investor services and capital markets products and services on a global basis. We employ approximately 79,000 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 40 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 2013, we contributed more than $104 million to causes worldwide, including donations and community investments of more than $69 million and $35 million in sponsorships. Learn more at www.rbc.com/community-sustainability.
SOURCE RBC
