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RBC Dexia Investor Services joint venture complete
LUXEMBOURG and TORONTO, January 4,
2006 — Dexia (DEXB: BRU, PAR and LUX) and Royal
Bank of Canada (RY: TSX and NYSE) today announced completion
of the joint venture to combine their institutional investor
services businesses. The new company, RBC Dexia Investor Services,
ranks among the world's top 10 global custodians with assets
under custody* of approximately US$2.0 trillion (€1.65
trillion).
"With our combined strengths, expanded global reach
and solid financial backing, RBC Dexia Investor Services offers
clients both the breadth and depth necessary to enhance their
business and become more efficient and competitive,"
said José Placido, CEO of the new company.
"We are very excited to start this latest chapter in
the investor services business. RBC Dexia Investor Services
promises to bring clients and the market a new level of service,
commitment and innovation," added Michel Malpas, Deputy
CEO and Chief Marketing Officer.
Based in London, RBC Dexia Investor Services Limited is the
holding company that will provide strategic direction and
management oversight to the operating companies, RBC Dexia
Investor Services Trust in Canada and RBC Dexia Investor Services
Bank in Luxembourg.
About Dexia and Dexia BIL
Dexia Banque Internationale à Luxembourg (Dexia BIL)
is a member of Dexia, the European banking group world leader
in public finance and second largest commercial bank in Belgium.
Dexia Group, with 24,000 employees, has operations in more
than 20 countries worldwide. Dexia BIL provides commercial,
private banking, asset management and investor services.
Founded in 1856, Dexia BIL is not only one of today's leading
banks in the Luxembourg financial centre; it is also the oldest
bank in the Grand Duchy. Since it was founded, it has played
an active role in shaping the development of Luxembourg's
economy. For more information, please visit www.dexia.com
and www.dexia-bil.lu.
About Royal Bank of Canada
Royal Bank of Canada (TSX, NYSE: RY) uses the initials RBC
as a prefix for its businesses and operating subsidiaries,
which operate under the master brand name of RBC Financial
Group. Royal Bank of Canada is Canada's largest bank as measured
by market capitalization and assets, and is one of North America's
leading diversified financial services companies. It provides
personal and commercial banking, wealth management services,
insurance, corporate and investment banking, and transaction
processing services on a global basis. The company employs
approximately 60,000 people who serve more than 14 million
personal, business and public sector clients through offices
in North America and some 30 countries around the world. For
more information, please visit www.rbc.com.
About RBC Dexia Investor Services
RBC Dexia Investor Services offers an integrated suite of
products, including global custody, fund and pension administration,
securities lending, shareholder services, analytics and other
related services, to institutional investors worldwide. With
approximately US$2.0 trillion (€1.65 trillion) in client
assets under custody*, RBC Dexia Investor Services ranks among
the world's top 10 global custodians. Headquartered in London,
the company has 3,800 employees who serve clients from offices
in 15 countries on four continents. RBC Dexia Investor Services
is a joint venture equally owned by Royal Bank of Canada and
Dexia. Visit the RBC Dexia Investor Services website at www.rbcdexia-is.com.
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For more information, contact:
Helen Jed,
RBC Dexia Investor Services, London, U.K.,
44-207-653-4463
Lucie Maestro,
RBC Dexia Investor Services, Toronto,
(416) 955-7870
Pierre Fuzio,
RBC Dexia Investor Services, Luxembourg,
00352/4590-5550
*Includes in-house assets of Royal
Bank of Canada (as of October 31, 2005) and Dexia (as of September
30, 2005).
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