Creststreet selects RBC Dexia as investor services provider

Date: Tuesday, February 24, 2009
Author: Investment Executive.com

Benefits to Creststreet include quality, reliability and service in the alternative arena.

Toronto-based Creststreet Asset Management Ltd., an investment management firm specializing in energy investment products for institutional and affluent investors, has selected London-based RBC Dexia Investor Services to provide custody, fund valuations and investor recordkeeping for its onshore and offshore funds.

"After handling most of these services in-house, our management team made the strategic decision to partner with an industry expert for activities, including custody, fund valuations and recordkeeping," said Robert J. Toole, managing director of Creststreet. "The benefits to our firm and our clients include the high levels of quality, reliability and service that RBC Dexia delivers in the alternatives arena. We were also impressed with their proven expertise in facililtating the distribution of our products in multiple jurisdictions, which is a significant part of our growth strategy going forward."

"We are delighted to be working with the team at Creststreet," said Brent Wilkins, head of sales and relationship management of the Americas for RBC Dexia. "The awarding of this mandate demonstrates that our value proposition continues to resonate with clients pursuing alternatives strategies, not only those who are looking to make their operations more efficient, but also those seeking to distribute their products in new markets around the world."

RBC Dexia has been named the world's number one custodian overall for five consecutive years in the Global Investor Global Custody Survey (2004-2008).