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RBC Dexia Extends Mandate with Comgest to Provide KIID Services

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RBC Dexia Investor Services today announced that it has won a new mandate from Comgest, the independent international asset management group, to provide Key Investor Information Document (KIID) services to the Dublin domiciled umbrella, Comgest Growth Fund.

RBC Dexia provides a variety of services to Comgest, including fund accounting, custody and financial reporting. The KIID became a legal requirement on 1 July 2011, as part of the UCITS IV legislation, providing investors with an overview of the key features of all UCITS investment products.

David Dibben, Head of Global Fund Products at RBC Dexia, commented: “This new mandate derives directly from the high level of service we have provided to Comgest over a period of10 years. Now that the KIID has arrived, fund managers are examining which aspects of the documentation and production process they keep in-house, and where using an outsourcing partner can deliver value. By selecting the right outsourced solutions and partners, asset managers can focus on their core business and meet regulatory requirements in a cost-efficient way.”

Jean-Christophe Dousset, Director of Comgest, said: “We have worked with RBC Dexia for over a decade and it’s important at these times of changing legislation that we work with a partner that we trust and has a proven track record. We look forward to further developing our relationship with RBC Dexia”

RBC Dexia came out on top of the latest R&M Consultants Global Custody Survey and also excelled in a number of other recent awards, being named Custodian of the Year – Canada and Fund Administrator of the Year – Canada at the 2011 ICFA Americas Service Provider Awards, the 2010 European Custodian of the Year by Funds Europe magazine; #1 and global custodian overall for the Americas and EMEA in Global Investor’s 2010 Global Custody Survey.

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