RBC retains Perpetual mandate

RBC Investor & Treasury Services has retained its custodian and administration mandate with Perpetual.

The renewed mandate will see RBC, which is a part of the Royal Bank of Canada, continuing to provide not only provide administration and custodian services, but also managing unit pricing, fund accounting, tax, and foreign exchange services for Perpetual.

Perpetual general manager for operations and business, Paul Statham, said Perpetual is excited about RBC's commitment to Australia.

Mr Statham said RBC not only has the operational capability to support Perpetual's growth, but they come with the backing of one of the largest banks in the world, with the highest credit rating of all the global custody providers in the nation.

RBS managing director, David Travers, said the two firms have been working closely since 2001 and that it is deeply rewarding to extend the relationship.