RBC Investor & Treasury Services (RBC I&TS) has expanded its partnership with Optimum Asset Management (OGP) to include custody, fund accounting and shareholder services for OGP’s nine mutual funds.
As the custodian has centred its focus on the Canadian markets in recent years, this mandate extension is the third development announced from RBC I&TS this year after a new deal with Mulvihill Capital Management and an expanded agreement with Starlight Capital.
OGP is a Quebec-based asset management subsidiary of Optimum Financial Group.
“We are pleased to deepen our partnership with RBC I&TS,” said Claude Cyr, executive vice president, Optimum Holdings. “Their expertise in custody, fund accounting and shareholder services aligns perfectly with our vision for delivering superior investment solutions to our clients. We believe this expanded mandate will further strengthen our operational capabilities and allow us to focus on driving value for our clients.”
RBC I&TS is focusing solely on the Canadian market after selling its European custody unit along with asset servicing businesses in Australia and Hong Kong.
“This expanded partnership is a testament to our dedication to delivering exceptional value and expertise to our clients,” said Sylvain Gervais, managing director and co-head, RBC Investor & Treasury Services. “We are honoured to be chosen as OGP’s trusted partner and are confident in our ability to deliver operational excellence and drive mutual success. By working closely together, we will continue to provide Optimum with the comprehensive support they need to navigate the evolving financial landscape.”