Caceis to acquire RBC’s asset servicing arm
Banking groups Caceis and RBC have signed a memorandum of understanding whereby Caceis will acquire the European asset servicing activities of RBC Investor Services and its associated Malaysian local office.
The transaction should see Caceis obtain RBC’s custody, global custody FX, fund administration, transfer agency, middle office and securities lending services.
Subject to customary closing conditions, the deal is expected to complete by the end of Q3 2023.
“We are proud of the business that we have built in Europe, and are excited for Caceis to continue to deepen relationships with our clients,” Francis Jackson, CEO of RBC Investor Services, said in a statement.
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