Toronto/London, September 27, 2012 - RBC Investor Services today announced the launch of its Global Derivatives Platform, a new, fully integrated global operating model for listed and OTC derivatives. This single platform and operating model was developed to deliver middle and back-office services to listed and over-the-counter (OTC) derivatives for a wide range of global clients.
RBC Investor Services' global clients are increasing their investments in listed and OTC derivatives using a convergence of traditional and alternative investment strategies. Client migrations to the platform have already begun and will continue in 2013 with the integration of the new central clearing requirements in the global operating model.
"This is a robust, scalable, and flexible application that enables RBC Investor Services to continue delivering the highest standard of client service, manage increasing volumes of trades and support the expansion of our product coverage," said Olivier Laurent, Director, Alternatives Investment, RBC Investor Services.
The new global platform will support an increased range and complexity of derivatives products and services such as trade processing, independent derivatives valuations, cash flows and collateral management. With a centralised governance platform allowing for a clear audit trail for derivatives pricing, the platform also reduces risk while satisfying a client's increased need for transparency.
"This increased range, supported by a newly improved reporting capability, means that we are better placed to provide a consistent global service offering and helps maintain our profile as a premier provider of derivatives services among existing and prospective clients," continued Laurent. "This is just one of a number of enterprise offerings reflecting RBC Investor Services' move towards providing clients with truly global solutions."
RBC Investor Services was named Leading UCITS Hedge Administrator and Custodian by Hedge Fund Journal for the second year in row and also recently maintained its overall number one position in the influential R&M Consultants Global Custody Survey. RBC Investor Services came first in the UK for the seventh year running and was also elected best custodian in Europe, Canada, North America, Far East and BeNeLux.
About RBC Investor Services
RBC Investor Services is a premier provider of investor services to asset managers, financial institutions and other institutional investors worldwide. Our unique approach to domestic and cross-border solutions, combined with award-winning client service and the expertise of 5,500 professionals in 15 markets, helps our clients achieve their ambitions.
RBC Investor Services ranks among the world's top 10 global custodians with USD 2.9 trillion (CAD 2.8 trillion) in client assets under administration and is a wholly-owned subsidiary of Royal Bank of Canada, one of the largest and most financially sound banks in the world.