Schroders has chosen RBC Dexia to provide locally-required Canadian sub-recordkeeping services for 23 of its Luxembourg investment funds.

Those funds are being distributed to offshore clients through the Canadian investment dealer network.

This announcement represents a geographical expansion of the previous working relationship between the two companies.

In 2004, Schroders selected Dexia Fund Services to provide recordkeeping services for its investment funds distributed to offshore clients via U.S. intermediaries.

To comment on this story email craig.sebastiano@rci.rogers.com.