RBC picks up key custody mandate
Custodian, RBC Investor & Treasury Services has picked up a key mandate.
The company, part of Royal Bank of Canada, announced this week it had been selected by Uniting Financial Services (UFS) as its custodian and administrator.
UFS is the treasury and investment services arm of The Uniting Church in Australia, Synod of NSW and the ACT, with over $1.25 billion of funds under management and is regarded as one of the pioneers of ethical investment management in Australia.
Confirming the mandate, UFS executive director, Warren Bird said the organisation was attracted to RBC Investor & Treasury Services (RBC I&TS) because of its longstanding experience and specialised expertise.
RBC I&TS managing director, Australia, David Travers said the firm was committed to supporting its clients through its integrated offering and its operational capability.
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