RBC Dexia to provide unit registry for Aberdeen's ex-Credit Suisse funds; extends link with fund manager

RBC Dexia Investor Services is to provide unit registry services for funds recently purchased by Aberdeen Asset Management from Credit Suisse.

The service selection continues the link between the custodian and fund manager. RBC Dexia Investor Services is already the sole provider of unit registry services to Aberdeen's Asia Pacific operations.

2009 closes amid a dramatic spate of acquisitions and sales for Aberdeen. In January it bought Credit Suisse’s GBP250 million fund management arm, leading to a rise of more than 8% in the Swiss bank’s shares.

Then in July Aberdeen Unit Trust Managers sold the management contracts for two OEIC fund umbrellas containing 10 open-end funds to Premier Asset Management Group. The funds had a total asset value of GBP858 million as at 8th July 2009.

Brett Jollie, head of Australia for the fund manager, said of the unit registry selection: "We already have a strong relationship with RBC Dexia, which is currently the sole provider of unit registry services to Aberdeen's Asia Pacific operations, and now look forward to furthering this relationship on a larger scale.

“RBC Dexia has the capability to provide Aberdeen with consolidated reporting in the Asia Pacific region regardless of which country our clients choose to invest in. Combined with strong local support RBC Dexia provides Aberdeen with an efficient unit registry service which is extremely scaleable as Aberdeen looks for further growth."

David Travers, managing director of RBC Dexia Investor Services in Australia, added: "The strength of our offering in the Asia-Pacific region, extensive local market knowledge and ability to support clients on a global transfer agency platform make us a natural choice of service provider for asset managers with international activities.”

 

 

 

 

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