BCB Appoints RBC Services As Global Custodian

June 1, 2015

Bermuda Commercial Bank Limited announced that “after careful consideration we are moving our Custody Services relationship to RBC Investor & Treasury Services.

“Part of the Royal Bank of Canada, RBC Investor & Treasury Services is a perennial award winning leader in global custody services and we very much look forward to this new partnership and being able to offer the best global custody services possible to our clients,” the bank said.

“BCB Custody’s bespoke services are based on the needs of our clients and we pride ourselves on being accountable for their success. BCB Custody provides a single dedicated contact person to ensure that the client does not feel ‘lost in the stream’ as is the case in many large institutions.

“BCB can provide a seamless multi-disciplinary support infrastructure tailored to business requirements, while maintaining appropriate levels of risk management, compliance and corporate governance as required by Bermuda licensed entities and Bermuda regulations.

Chris Seip, COO and Head, RBC Investor & Treasury Services, Canada said “We are delighted that Bermuda Commercial Bank has chosen us as their global custodian. This new mandate recognises the quality of our services designed for corporate and private clients. We look forward to working with BCB and supporting their business objectives.”

Peter Horton, CEO of BCB, stated “We are extremely excited about this new relationship. Through RBC Investor & Treasury Services, BCB will be able to provide superior custody services to our clients. Our dedicated team of professionals will continue to nurture and build upon existing relationships. This association furthers our commitment to servicing our clients in the best way possible.”

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