RBC IS to manage Italy’s Banca di Legnano pension fund
RBC Investor Services has been appointed by the Pension Fund of the employees of Italy’s Banca di Legnano to provide custody, portfolio valuation and depository bank services.
In Italy, RBC Investor Services will leverage the expertise gained from supporting pension plans in North America and Canada. RBC Investor Services currently services approximately 75% of all Canadian defined benefit plans.
“This new mandate in the pension fund administration arena signals an important development for RBC Investor Services in Italy. With our considerable experience in other markets and our sophisticated technology based solutions, we will provide Fondo Pensione della Banca di Legnano with an exemplary level of client service,” said Mauro Dognini, managing director at RBC Investor Services in Italy.