RBC Investor & Treasury Services, part of Royal Bank of Canada (RY on TSX and NYSE), has been appointed to provide core custody, fund administration, registry and risk and investment analytic services for Warakirri Asset Management.
Melbourne-based Warakirri Asset Management (Warakirri) offers specialist investment for charities, global and domestic pension funds as well as individual investors across Australian and international equities, Australian agriculture, currency management and US real estate.
Jim McKay, Warakirri Managing Director, says: “We were impressed with RBC’s technology platform and strong commitment to the ongoing development of their IT and service platform. This aligns with Warakirri’s own commitment to investing in our business to continue to deliver high quality investment outcomes and service to our clients.
“Not only were RBC able to offer a solution tailored to meet our AMIT requirements, but a consolidated offer inclusive of wholesale and retail registry services.”
As one of the largest and fastest growing fund management markets in the world, Australia is a key focus for RBC Investor & Treasury Services. It is currently transforming the way it operates in Australia through system enhancements and digital solutions as part of a multi-year technology integration program together with developing a global middle office solution.
David Travers (pictured), Head of RBC Investor & Treasury Services Australia, says: “We are finding that asset managers want more than commoditised custody services and want a true partner.”
“We are looking forward to working with Warakirri to leverage the benefits of our investment in technology with improved efficiencies, enhanced data capabilities, reduced complexity and a seamless user experience.”
In Australia, RBC Investor & Treasury Services has been a leading provider of investment administration outsourcing services to fund managers for 17 years and offers a full range of custodial and other services to safeguard clients’ assets, maximise liquidity and manage risk.