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RBC wins e3.2bn Edinburgh custody mandate

UK/CANADA – Canadian custodian and securities provider, RBC Global Services, has been appointed by Edinburgh Fund Managers as global custodian to its international trusts, unit trusts and OEIC (Open Ended Investment Company) business worth a total $2.75bn (e3.2bn).

Says Margaret Lees, divisional director of Edinburgh fund managers: “throughout the entire process, we were particularly impressed with the commitment we saw from the RBC Global Services team and their ability to understand our objectives was a critical factor in our final selection.”

Edinburgh has £7.9bn (€12.9bn) in assets under management whilst RBC Global Services has US$1.3trn in assets under administration.

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