RBC Dexia picked for hedge fund start-up

Date: Thursday, November 12, 2009
Author: ICFA Online

RBC Dexia IS has been selected to provide a custody, fund accounting and recordkeeping services for asset management company Georgian Capital Partners.

The Canadian company is launching two inaugural hedge funds, the Georgian Equity Growth Fund and the Georgian Income Growth Fund.

Georgian's president David Knight said: "Ultimately, Georgian Capital Partners' decision to work with RBC Dexia was based on their extensive experience and leadership position in the industry. It's certainly reassuring to know we have the expertise, stability and global infrastructure of a proven provider like RBC Dexia in our corner as we work to grow these funds. RBC Dexia offers us a seamless, end-to-end service model, along with the same commitment to exceptional service that we demand for our own clients."

RBC Dexia IS Canadian managing director John Lockbaum said the agreement solidified the bank's position as Canada's market leader in asset manager servicing.