Credit Suisse Investments Australia has awarded RBC Dexia Investor Services a mandate to provide its unit registry services.
"Ultimately a unit registry provider needs to provide an enhanced service offering to our clients, and following a competitive selection process, RBC Dexia's registry solution was selected as best meeting these requirements," Credit Suisse Investments Australia responsible manager Simon Beavis said.
While RBC Dexia could not reveal the size of the mandate, it has added two new staff as a result of the win.
"RBC Dexia's unit registry service leverages best-of-breed technology, providing significant flexibility designed to meet both retail and institutional investment needs. Key to our service is the provision of web access to underlying investors," an RBC Dexia spokesperson said.
In November 2009, RBC Dexia was awarded a mandate by Aberdeen Asset Management to provide unit registry services for funds it had recently purchased from Credit Suisse.
The global investor services company provides unit registry services for over 25 fund managers, including Goldman Sachs JBWere, Schroders and Treasury Group.
