RBC Dexia Investor Services and CI Financial Income Fund are extending their outsourcing relationship by another five years.
Under the new agreement, which will run until mid-2011, RBC will continue to offer custody, fund accounting and securities lending services to CI Financial and will act for Assante Weatlh Management as the primary custodian for the private clients of Stonegate Private Counsel and United Financial Corporation.
“We’ve enjoyed a very positive working relationship with RBC Dexia since 2001 and we are extremely confident in our decision to extend our outsourcing agreement for another five years,” says David Pauli, executive vice-president with CI Financial.
RBC Dexia will provide custody and investment administration for about $62 billion which includes all CI assets under management as well as third-party managed assets.
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