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ING Canada appoints RBC Dexia custody services provider

27 June 2006  |  1881 views  |  0 Source: RBC Dexia Investor Services

RBC Dexia Investor Services today announced that it has been selected as Canadian custodian and securities lending provider for ING Canada's portfolio of over CAD 7 billion.

ING Canada is the largest provider of property and casualty insurance in Canada, offering automobile, property and liability insurance to individuals and businesses through its insurance subsidiaries.

"After a comprehensive review process, we concluded that RBC Dexia Investor Services could provide ING Canada with a robust back office platform that will support our activities in the upcoming years," said Marc Provost, Senior Vice-President, Managing Director and Chief Investment Officer of ING Investment Management, Inc.

"We continue to be encouraged that Canada's most successful, growing institutional investors, such as ING Canada, are relying on RBC Dexia to help them increase their efficiency" said Brent Wilkins, Head, Sales & Relationship Management, Americas for RBC Dexia Investor Services. "We are extremely pleased to be embarking on a working relationship with an organization as widely respected as ING Canada and look forward to working with them in the years to come."

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