RBC Dexia appoints David Dibben as Head of Global Fund Products

LONDON, Aug. 24 /CNW/ - RBC Dexia Investor Services has appointed David Dibben as Head of Global Fund Products. Based in London and reporting to Rob Wright, Global Head, Product & Client Segments, Mr. Dibben will be responsible for the strategic direction, planning and continued overall success of RBC Dexia's Fund Products business.

"David's extensive industry experience and specific expertise in leading major development projects make him an ideal fit for our Fund Products business," said Rob Wright, Global Head, Product & Client Segments. "One of RBC Dexia's objectives is matching employee strengths with client needs and David's multi-disciplinary management experience is a great addition to an already stellar Fund Products team."

Prior to this role, Mr. Dibben was most recently with HSBC Global Asset Management in London as Chief Operating Officer of their Global Fund Ranges where he oversaw the significant growth of their Luxembourg- and Dublin-domiciled funds. He has also held senior management roles with M&G (Prudential), Henderson Global Investors and Norwich Union, and provided consultancy services to a number of major players in the investment industry.

RBC Dexia Investor Services recently received top scores in seven key categories in the 2010 Global Investor Global Custody Survey, including No.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 16 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.

For further information: Alex Clelland, London, [phone], [email protected]; Jason Graham, Toronto, [phone], [email protected]