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...
