RBC Dexia Appoints New Chief Risk Officer

LONDON , Oct. 1 /CNW/ - RBC Dexia Investor Services today announced the appointment of Frank Van Hoornweder as Chief Risk Officer. In this key role, which is based in Luxembourg , Mr. Van Hoornweder will assume responsibility for RBC Dexia's enterprise-wide risk management strategy and framework.

Mr. Van Hoornweder brings more than 16 years of experience in financial risk management settings to his new role. He joins RBC Dexia from Adinfo SA in Belgium , where he served as CEO and General Manager. Prior to joining Adinfo SA in 2005, he held a number of progressively challenging management positions with Dexia Bank, where he led teams in both IT and financial markets management.

José Placido, Chief Executive Officer of RBC Dexia Investor Services, said: "We are delighted to welcome Frank Van Hoornweder in the integral role of Chief Risk Officer. As the environment in which we operate becomes increasingly sophisticated, this appointment underscores our commitment to continue to build a strong risk-centric environment. The specialised risk management expertise and leadership experience he brings wil serve as key assets to our clients and our organisation."

With this appointment Mr. Van Hoornweder also becomes the newest member of RBC Dexia's Global Executive Committee (GEC).

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 5,500 professionals in 16 markets, help clients grow their business and sustain enhanced performance through efficiency improvements and robust risk management processes. Equally-owned by RBC and Dexia, the company ranks among the world's top 10 global custodians with USD 2.0 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]