- Caceis, the asset servicing banking group of Crédit Agricole and Santander ( SAN ), and Royal Bank of Canada ( NYSE: RY ) ( TSX: RY:CA ) have signed a memorandum of understanding on the acquisition of the European asset servicing activities of RBC Investor Services and its associated Malaysian center of excellence.
- The assets include custody, global custody FX, fund administration, transfer agency, middle office and securities lending.
- The transaction, is subject to customary closing conditions, including regulatory and antitrust approvals, is expected to close by Q3.
- This transaction is expected to have minimal impact on Royal Bank of Canada's common equity Tier 1 ratio and EPS.
- Source: Press Release
For further details see:
Caceis, Royal Bank of Canada sign MOU on RBC Investor Services acquisition