Following the completion of Royal Bank of Canada’s acquisition of troubled bank Dexia’s half of RBC Dexia, José Placido, chief executive of the now-renamed RBC Investor Services, sees most growth opportunities within the asset management and sovereign wealth communities.
Royal Bank of Canada has completed the acquisition of the remaining 50% stake in RBC Dexia Investor Services Limited from Banque Internationale à Luxembourg, to affirm its position as a top 10 global custodian with €2.1trn in client assets under administration.
RBC Dexia Investor Services has appointed Simon Hirtenstein as head, Portfolio Solutions within its Market Products & Services (MPS) team.
More than three-quarters of French asset managers have little or no confidence that the government will be able to revive France’s economy, according to a pool conducted by RBC Dexia on 55 French asset managers three weeks after the country’s presidential elections.
Asia Pacific has overtaken North America for the first time as the region with the highest number of high net worth individuals (HNWI), according to the latest World Wealth Report, jointly published by RBC Wealth Management and Capgemini.
Spain’s asset management is moving fast towards a strong concentration of the industry, with fewer and more specialised managers likely to shape the future domestic market, according to a joint research published today by RBC Dexia and Accenture.
In its continuing series of podcasts, the Association of the Luxembourg Fund Industry talks to Joanna Cound of Blackrock about how the industry and managers are coping with a flood of regulation.
Dexia has confirmed it is negotiating the sale of its Luxembourg retail and private banking unit and there are widespread rumours it may nationalize its Belgian banking unit, yet Dexia Asset Management claims it remains unaffected.
A recent survey shows limits to the popularity of Ucits as a way to run hedge funds onshore.