RBC Dexia to provide securities lending in new deal with Ville de Montréal pension fund

RBC Dexia Investor Services will provide a securities lending programme to La Commission de la Caisse Commune des régimes de retraite de la Ville de Montréal (the city of Montréal pension fund) following its reappointment by the fund.

The new agreement, which came after a “comprehensive competitive bidding process”, will also see RBC Dexia provide custody and other services and will add to the 20 years that RBC Dexia has worked with Ville de Montréal.

“We have enjoyed a positive working relationship with RBC Dexia since 1988,” said Jacques Marleau, President of Ville de Montréal.

“After a thorough review of the capabilities and offerings of the various providers in the marketplace, we found RBC Dexia to be the best-equipped to fulfil our needs and we have decided to consolidate all assets of la Caisse Commune with a single provider: RBC Dexia.”