The transaction has led to RBC becoming the sole owner of RBC Investor Services.
Further, the results for RBC Investor Services will continue to be included within RBC’s International Banking segment, which also includes results from RBC’s Caribbean banking and US cross-border banking businesses.
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RBC Dexia Investor Services, established in January 2006, is equally owned by Royal Bank of Canada and Dexia.
It offers institutional investors worldwide an integrated suite of products, including global custody, fund and pension administration, securities lending, shareholder services, analytics and other related services.
