Societe Generale has selected RBC Investor & Treasury Services as its sub-custody bank in Canada.
RBC Investor & Treasury Services said it extended its 20-year relationship with Societe Generale by becoming sub-custodian in Canada for additional businesses within the Societe Generale group based in the US and Italy.
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According to the firm, the account will continue to be serviced from Toronto.
RBC Investor & Treasury Services provides clearing, cash management and trade finance for financial institutions worldwide. It is the provider of custody in Canada, with just over 40% of assets under administration.
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