RBC Investor & Treasury Services, part of Royal Bank of Canada (RY on TSX and NYSE), today announced that it has been appointed by Pinnacle Investment Management as custodian and fund administrator for its new Irish domiciled Pinnacle ICAV UCITS fund.
RBC I&TS will provide custody, fund administration, treasury, collateral management and related UCITS fund services from its operations in Dublin. RBC I&TS’ relationship with Pinnacle Investment Management dates back to 2013 and also provides a full service offering to its managers in Australia.
Andrew Findlay, Director, Distribution at Pinnacle Investment Management commented: “RBC’s support of our growth in Australia combined with their strong track record in servicing offshore managers in Ireland have been key drivers in our decision to select them.”
“RBC I&TS is celebrating 20 years in Ireland this year and this new win is further evidence of our ability and commitment to delivering outstanding client experiences,” said Padraig Kenny, Managing Director, RBC I&TS, Ireland. “It also demonstrates Ireland’s attractiveness as an offshore financial centre for international fund managers. We look forward to extending our existing relationship with Pinnacle and supporting the growth of its new fund.”