Perpetual renews RBC mandate

RBC Investor & Treasury Services is to remain as custodian and administrator to Perpetual, one of Australia’s most highly regarded and awarded investment managers. RBC Investor & Treasury Services will continue to provide custody and administration services, as well as unit pricing, fund accounting, tax and foreign exchange services to Perpetual, which manages money across a range of asset classes, including Australian and global equities, multi-asset strategies as well as credit and fixed income and which RBC describes as a foundation client in Australia.

David Travers, RBC Investor & Treasury Services, Managing Director, Australia, said RBC has worked closely with Perpetual since 2001 and is proud to continue providing the operational expertise and insight required by Perpetual to support its growth in Australia.

Paul Statham, Perpetual Investments general manager operations and business, said that Perpetual is pleased to be extending a long-term partnership. “RBC has the operational capability and client focus to support our growth, and 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 operating in Australia,” he said.