RBC Dexia wins Hong Kong pension scheme mandate
RBC Dexia Trust Services Hong Kong will act as trustee and scheme administrator for the Hongkong and Shanghai Hotels Limited (HSH) pension scheme under a new mandate.
The mandate will see RBC Dexia Trust Services Hong Kong manage the Occupational Retirement Scheme Ordinance, which at its inception holds over $57 million.
HSH finance director and chief financial officer Neil Galloway said the company decided to partner with RBC Dexia because of its ‘best in class’ standard.
“RBC Dexia allows us to take advantage of its strong global capabilities whilst leveraging its specialist expertise and solid track record of good governance and efficient service,” Galloway said.
RBC Dexia head of Asia Pacific sales and distribution Scott McLaren said his company was well versed in supporting the needs of clients like HSH. He added that he looks forward to the mutually beneficial partnership.
AUTHOR
Mike Taylor
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