Royal Bank of Canada Completes Acquisition of Global Investor Services Business

Royal Bank of Canada Completes Acquisition of Global Investor Services Business PR Newswire TORONTO, July 27, 2012 TORONTO, July 27, 2012 /PRNewswire/ -- Top 10 global custodian being rebranded RBC Investor Services Royal Bank of Canada (RY on TSX and NYSE) today announced it has completed the acquisition of the 50 per cent stake of RBC Dexia Investor Services Limited (RBC Dexia) that RBC did not already own from Banque Internationale à Luxembourg S.A. (BIL). With this transaction, RBC becomes the sole owner of the top 10 global custodian, which is being rebranded RBC Investor Services. "The industry fundamentals are very attractive and this business is positioned for solid long-term growth," said Jim Westlake, Group Head, International Banking and Insurance, RBC. "We look forward to building on our strong relationships with clients in our goal to become the premier provider of investor services worldwide." "We are excited about full ownership by RBC and have been encouraged by the response from our clients around the world since the announcement of this transaction in April," said José Placido, Chief Executive Officer, RBC Investor Services. "Our clients will benefit from RBC's financial strength, complementary capabilities through wealth management and capital markets, and commitment to growth." RBC Investor Services has established itself as a top 10 global custodian with particular strength in client service excellence and outstanding execution.