RBC Investor & Treasury Services, part of Royal Bank of Canada, has been appointed by Bermuda Commercial Bank’s custody division (BCB) as its provider of global custody.
Bermuda Commercial Bank Limited is one of Bermuda’s four licensed banks, established in 1969.
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It is Bermuda’s only bank focused on corporate and private wealth clients, offering a range of bespoke financial solutions.
RBC Investor & Treasury Services, Canada COO and head Chris Seip said: "We are delighted that Bermuda Commercial Bank has chosen us as their global custodian. This new mandate recognises the quality of our services designed for corporate and private clients. We look forward to working with BCB and supporting their business objectives."
BCB CEO Peter Horton said: "We are extremely excited about this new relationship. Through RBC Investor & Treasury Services, BCB will be able to provide superior custody services to our clients. Our dedicated team of professionals will continue to nurture and build upon existing relationships. This association furthers our commitment to servicing our clients in the best way possible."
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