Metro Bank Plc Selects RBC Dexia as Custody Provider

LONDON, Oct. 29 /CNW/ - RBC Dexia Investor Services today announced that it has been appointed to provide Metro Bank Plc ("Metro Bank") with full custody services in the United Kingdom. Metro Bank is the first new high street bank to be granted a license by the FSA in more than 100 years.

Craig Donaldson, CEO of Metro Bank, said "Our primary focus at Metro Bank is on ensuring our customers are given the best possible service and RBC Dexia understands this. RBC Dexia provides a strategic fit to support us in our expansion plans going forward."

Richard Hale, Head of Sales and Relationship Management for the UK, Ireland and the Middle East, said: "Our relationship with Metro Bank is based on a mutual appreciation of our drive and ambition. We look forward to working with Metro Bank and to supporting its plans in the UK retail banking sector."

RBC Dexia Investor Services recently received top scores in seven key categories of the 2010 Global Investor Global Custody Survey, including #1 overall for the Americas and EMEA. RBC Dexia also excelled in the annual R&M Consultants Global Custody Survey, and was ranked the number one service provider by fund managers and number one for Europe in Global Custodian's 2009 Global Custody Survey. RBC Dexia was also named Global Custody: Client Relationship Manager of the Year in ICFA's 2009 Global Awards.

About RBC Dexia Investor Services

RBC Dexia Investor Services offers a complete range of investor services to institutions worldwide. Our unique offshore and onshore solutions, combined with the expertise of our 5,400 professionals in 15 markets, help clients grow their business and sustain enhanced performance through efficiency improvements and robust risk management practices.

Equally owned by RBC and Dexia, the company ranks among the world's top 10 global custodians with USD 2.4 trillion in client assets under administration.

rbcdexia.com

RBC Dexia Investor Services Limited is a holding company that provides strategic direction and management oversight to its affiliates, including RBC Dexia Investor Services Bank S.A., a credit institution licensed in Luxembourg by the Commission de Surveillance du Secteur Financier and the Ministry of Finance. All are licensed users of the RBC trademark (a registered trademark of Royal Bank of Canada) and Dexia trademark (a registered mark of Dexia Crédit Local) and conduct their global custody and investment administration business under the RBC Dexia Investor Services brand name.

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