What the RBC/Dexia merger means for Asia

Kriesel outlines the custodian''s strategy.

The merger of RBC Global Services and Dexia earlier this month gives the combined entity a total of $58.97 billion in assets under custody in the region - making it a formidable second tier player.

The $1.8 trillion merger, which still awaits the usual regulatory approvals, will bring together offices in Hong Kong, Singapore and Australia, allowing the two to combine services in global custody, fund administration, share registration and trustee.

The office arrangements in Asia have not yet been determined since it is still early days since the announcement of the merger, says Rosemarie Kriesel, managing director of Dexia Trust Services Hong Kong. Though, she says...

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222