RBC Investor and Treasury Services (RBC I&TS) has announced it has been named custodian by Evermore Capital, on Canada’s first target date exchange-traded funds (ETFs).
The relationship with Evermore, a Canadian-based asset management company focused on retirement ETFs, will see RBC I&TS provide fund accounting and ETF fund administration services.
Speaking on the announcement, Paul Folk, head of asset managers, RBC I&TS, comments: “We are delighted that Evermore has selected RBC to manage its evolving ETF needs. We believe that our understanding of Canada’s burgeoning ETF marketplace, coupled with our service offering, will enable us to provide them with a distinctive client experience.”
Myron Genyk, CEO and co-founder of Evermore adds: “RBC I&TS deserves a lot of credit for their smooth and seamless onboarding process. We look forward to continuing to work closely with them as we grow our business.
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