September 2008

CUSTODY 2008: RBC Dexia View from the Top

wright.jpgRob Wright

chief operating officer
RBC
Dexia Investor Services

One challenge has been the continuing
mainstream shift away from relative, passive benchmark returns to alpha.
Providers continue to witness increasing volumes from alternative asset
managers and growth in the use of OTC derivatives. Some funds are combining
strategies, bringing together 130/30, mixing bonds and equities and so on. This
convergence of investment styles is leading to requirements for higher
processing standards.

In addition, many institutional investors
are becoming increasingly global in terms of their operational footprint.
They’re breaking into new markets and faced with challenges including language
barriers, unique regulatory and legislative environments, etc. These companies
are looking for high level support in multiple jurisdictions.