Solidar Fondservice Appoints RBC Dexia for Custody Services
Solidar Fondservice, the Swedish pension adviser, has chosen RBC Dexia Investor Services to provide custody, foreign exchange (FX), fund administration, transfer agency and distribution support services. RBC Dexia will also assist with creating the legal infrastructure for the company’s new Luxembourg domiciled funds and provide all middle and back office functions.
Nils-Olof Ekholm, chief executive officer (CEO) of Solidar, said: “We are extremely pleased to be working with RBC Dexia. We have a significant footprint in the Swedish pensions arena and look forward to expanding our portfolio into Luxembourg. We feel RBC Dexia’s consultative approach, tight product fit and extensive experience in global fund servicing matched our needs perfectly.”