Sydney
08 March 2017
Reporter: Stephanie Palmer
Australian mandate win for RBC I&TS
RBC Investor & Treasury Services (I&TS) has won the mandate to provide custody and administration services to Uniting Financial Services (UFS) in Australia.

UFS is the treasury and investment services arm of The Uniting Church in Australia, Synod of New South Wales and the Australian Capital Territory, and focuses on ethical and environment, social and governance investment.

Currently, it has about $1.25 billion in funds under management.

According to UFS, the mandate was based partly on RBC I&TS’s experience and specialist expertise.

Warren Bird, executive director of UFS, said: “The investments that RBC I&TS is making in its technology and product offering reinforced our confidence in them as our service provider of choice.”

“Its status as one of the strongest banks in the world with the highest credit rating of all the global custody providers operating in Australia was also an important factor in our selection of RBC.”

David Travers, managing director for Australia at RBC I&TS, said: “We are committed to supporting our clients through our integrated offering and our operational capability.”

“We continue to invest in our technology and our coverage capabilities in order to provide clients such as UFS with outstanding service to support their growth in Australia.”

More fund services news
The latest news from Asset Servicing Times
Join Our Newsletter

Sign up today and never
miss the latest news or an issue again

Subscribe now
Clearstream gains Edmond de Rothschild as Vestima client
24 July 2017 | Switzerland | Reporter: Jenna Lomax
Vestima, Clearstream’s fund process programme, will assist Rothschild by processing its assets in its mutual funds and hedge funds on a single platform
Lombard Risk dominates Canada with new mandate win
18 July 2017 | London | Reporter: Drew Nicol
Lombard Risk Management has tightened its grip on the Canadian banking market with another major bank signed up to its flagship Colline collateral management solution
UBS secures Chinese private fund management license
14 July 2017 | Hong Kong | Reporter: Barney Dixon
UBS Asset Management has been granted a private fund management license from the Asset Management Association of China
AIMA launches updated guide to fund admin services
13 July 2017 | London | Reporter: Stephanie Palmer
The Alternative Investment Management Association has published a new guide to fund administration, aimed at alternative managers choosing between providers
Falcon group launches blockchain asset management service
12 July 2017 | Zurich | Reporter: Stephanie Palmer
Falcon Group has become the first Swiss private bank to offer a blockchain asset management solution, through a partnership with Bitcoin Suisse AG
Bravura wins Scottish Friendly mandate
12 July 2017 | Glasgow | Reporter: Stephanie Palmer
The Scottish Friendly Assurance Society, UK mutual life office, has gone live with the Bravura Solutions Sonata administration platform, for its life and pensions business
Private debt added to SimCorp Dimension
10 July 2017 | London | Reporter: Stephanie Palmer
SimCorp has added a private debt module to its SimCorp Dimension investment platform, in partnership with Danish pension fund PKA
More fund services news