Less than a year after the acquisition of RBC’s European asset servicing activities, all staff in each location have now regrouped under common legal structures, the firm says
Vicki Leonidis and Jean-Paul Joseph, who both join the firm as relationship managers, will be based in the firm’s Ontario and London office, respectively
Following their announcement in October, RBC Investor Services and CACEIS have confirmed completion of the deal through which the French headquartered bank will acquire RBC’s European asset servicing book of business and Malaysia operations centre
The mandate means that the Swiss-based asset servicer will control Kepler’s clearing and settlement, securities lending, custody and reporting services for corporate brokerage
The Uptevia joint venture, which has received approval from the regulatory and competition authorities and was founded on 1 January 2023, aims to be the leading issuer services provider in France and ultimately across Europe
The deal, which is expected to complete by the end of Q3 2023 subject to approvals, will include custody and global custody FX, securities lending, fund services and middle office, along with RBC Investor Service’s service centre in Malaysia
S&P Global Market Intelligence’s director of securities finance Matthew Chesssum predicts “a very good year” for 2022, as securities finance revenues see best performance since 2008