CI Investments choose RBC Dexia for securities lending
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CI Investments choose RBC Dexia for securities lending 01 June 2011Toronto Reporter: Justin Lawson
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RBC Dexia Investor Services has been reappointed as investor services provider for CI Investments Inc. This service extension, the culmination of a comprehensive competitive bidding process, is the fourth successive five-year term that CI Investments has engaged with RBC Dexia to service CI Investments’ $75 billion in assets under administration.
Under the new agreement, RBC Dexia will provide CI Investments with a range of investor services, including custody, fund administration, securities lending, foreign exchange and investment counselor services for their private client business.
“We have enjoyed a positive working relationship with RBC Dexia since 1996,” said David Pauli, Executive Vice President and Chief Operating Officer, CI Investments. “After a thorough review of the capabilities and offerings of the various providers in the marketplace, we found RBC Dexia’s exceptional service proposition, people and competitive pricing all to be true differentiators and key drivers in our selection.”
“Having CI Investments renew with RBC Dexia for a fourth successive term is proof of the strength of the relationship and our ongoing commitment to providing them with an evolving and dynamic service solution customized to their needs,” said John Lockbaum, Managing Director, Canada, for RBC Dexia. “Having one of Canada’s leading investment managers demonstrate its confidence in our people and the service offering we provide is a testament to our commitment to them and the Canadian financial marketplace.”
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