RBC Dexia picks up AXA mandate
Big Canadian-based custody services provider RBC Dexia Investor Services has picked up an important new Australian mandate, with selection by AXA Australia to provide custody services for that company’s new superannuation and pension platform, North.
The head of platforms at AXA, David Frost, said the announcement represented an expansion of the existing working relationship between the two companies because RBC Dexia currently provides custody services for AXA Australia’s Summit and Generations platforms.
“We have enjoyed an extremely positive experience working with RBC Dexia and look forward to expanding the scope of our business relationship going forward,” he said.
“We were quite impressed with their willingness to support our new North platform. We feel that RBC Dexia is ideally-suited to assist us in delivering upon our long-term growth strategy.”
AUTHOR
Mike Taylor
Recommended for you
Net cash flow on AMP’s platforms saw a substantial jump in the last quarter to $740 million, while its new digital advice offering boosted flows to superannuation and investment.
Insignia Financial has provided an update on the status of its private equity bidders as an initial six-week due diligence period comes to an end.
A judge has detailed how individuals lent as much as $1.1 million each to former financial adviser Anthony Del Vecchio, only learning when they contacted his employer that nothing had ever been invested.
Having rejected the possibility of an IPO, Mason Stevens’ CEO details why the wealth platform went down the PE route and how it intends to accelerate its growth ambitions in financial advice.
