London
18 May 2017
Reporter: Drew Nicol

RBC wins Irish assets mandate


Royal Bank of Canada (RBC) has been chosen by Chiron Investment Management to act as custodian and fund administrator for its new Irish-domiciled Chiron Global Opportunities UCITS fund.

RBC Investor & Treasury Services will provide custody, fund administration, analytics, treasury, and other UCITS fund services from its operations in Dublin.

The boutique investment management firm’s decision to offer RBC the mandate comes as part of its strategy to deliver superior risk-adjusted returns to clients using a behavioural and empirical approach to security selection and asset allocation across asset classes and geographies.

Enrico Gaglioti, co-founder and CEO of Chiron Investment Management, said: “RBC’s understanding of the UCITS sector, strong track record of supporting fund launches by US boutique asset managers, client-centric approach and robust technology solutions make them strong partners in supporting our continued growth.”

Kevin O’Neill, managing director, asset managers for North America at RBC Investor & Treasury Services, said: “When deciding on a service provider for the launch their first UCITS fund, Chiron Investment Management recognised our capabilities and in-depth market knowledge that has been built over decades supporting US fund managers.”

“Ireland remains an attractive and competitive international centre for globally distributed investment funds. We look forward to partnering with organisations like Chiron as they seek growth opportunities in new markets

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
BNP Paribas completes first fund transaction test using blockchain
11 January 2018 | Paris | Reporter: Jenna Lomax
The test was conducted using BNP Securities Services’s blockchain programme, Fund Link, and FundsDLT, a blockchain-based platform for fund transaction processing
KPMG Switzerland and SIX to bundle tax services
10 January 2018 | Zurich | Reporter: Jenna Lomax
KPMG Switzerland and SIX Securities Services are offering a combined package for tax services
Guernsey’s fund sector reports year-on-year growth
05 January 2018 | St Peter Port | Reporter: Jenna Lomax
Guernsey’s fund business grew by approximately £20 billion over the 12 months to the end Q3 2017
Italian custody win for BNP Paribas
12 December 2017 | Milan | Reporter: Jenna Lomax
BNP Paribas will provide Sara Assicurazioni with global custody services for €1.3 billion in Italian and foreign assets
Fundsquare and i-Hub bring KYC service to funds
12 December 2017 | Luxembourg | Reporter: Becky Butcher
Fundsquare and i-Hub have signed a commercial partnership for the introduction of i-Hub’s know-your-customer (KYC) platform to the funds industry
Lux secures funding for SaaS platform
08 December 2017 | New York | Reporter: Jenna Lomax
Transcend is Lux’s software-as-a-service solution for front-to-back office automation
SIX: Services providers must expand horizons
08 December 2017 | London | Reporter: Stephanie Palmer
Post-trade service providers must focus on providing new services in the future, while also investing in new technologies and personnel, according to research from SIX Securities Services
More fund services news