RBC Investor & Treasury Services appointed global custodian by Polaris

RBC Investor & Treasury Services, part of Royal Bank of Canada, has announced that its Investor Services business has been appointed global custodian by fund management company Polaris Investment SA.

RBC Investor & Treasury Services will provide Polaris with fund accounting, global custody, transfer agency, securities lending, cash management, collateral management, risk and investment compliance services. The account will be serviced in Luxembourg.

For professor Alessandro Penati, director of Polaris, RBC Investor & Treasury Services demonstrated a strong track record in managing complex pooling structures and significant expertise in fund servicing, securities lending and collateral management.

Mauro Dognini, managing director, Italy, RBC Investor & Treasury Services, commented: “This is an important mandate for us with the leading emerging actor in the Italian fund industry.”

“Asset managers and institutional investors are an increasing strategic focus for RBC Investor & Treasury Services in Italy. We are delighted to support Polaris who will play a major role in this industry in the future.”

Founded in February 2004, Polaris is the largest Italian platform domiciled in Luxembourg, managing in excess of €6bn of assets belonging to institutional investors.

Polaris holds a 100% controlling interest in Quaestio Capital Management SGR., a Milan-based quantitative asset management company.

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