RBC Investor & Treasury Services (I&TS) has been appointed as custodian and fund administrator for a new Ireland-domiciled UCITS fund managed by Pinnacle Investment Management.
RBC I&TS will also provide treasury, collateral management and related UCITS fund services to the fund, Pinnacle ICAV, from its operations in Dublin.
Padraig Kenny, managing director of RBC I&TS in Ireland, said: “RBC I&TS is celebrating 20 years in Ireland this year and this new win is further evidence of our ability and commitment to delivering outstanding client experiences.”
“It also demonstrates Ireland’s attractiveness as an offshore financial centre for international fund managers. We look forward to extending our existing relationship with Pinnacle and supporting the growth of its new fund.”
The appointment comes after RBC I&TS topped the table as the best overall fund accounting and administration provider in the R&M Investor Services survey, released earlier this month.
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