The investor services business of RBC Investor & Treasury Services will be global custodian and fund administrator to Gemini Investment Management, which provides an outsourced sales partnership and fund distribution service for professional global asset managers.
RBC Investor & Treasury Services will assist the firm with expanding its own distribution and administration services for investment managers looking for cost effective market entry for new funds and those that have existing funds that would benefit from increased distribution through its outsourced Irish-domiciled UCITS platform proposition.
Gemini aims to help end investors benefit from ‘boutique’ funds that do not have the required size or track record of most fund distribution platforms, and so increase its own AUM.
Simon Shapland, managing director at RBC Investor Services, said: “With our global fund platform and cross-border distribution services we recognise the importance of connecting fund managers and fund selectors so that end investors benefit from the most appropriate, best-in -class solutions. As such we are delighted to assist Gemini as they continue to broaden access for investors to boutique fund segments from across the globe.”
Stuart Alexander, managing director at Gemini Investment Management, added: “We take great pride and care offering distribution and administration solutions to carefully selected funds for investment managers. We have selected a global custodian who understands the importance of client service and has significant expertise and in-depth knowledge of the market, which is essential for our business.”
