Royal Trust Global Securities Services (GSS) has been awarded a $33bn (e36bn) global custody mandate by the Caymen Islands based triple A-rated specialist finance company, Sigma Finance Corporation.

Sigma’s IMRO regulated investment management group Gordian Knot, conducted the highly competitive selection process.

Gary Russell, operations manager at Gordian Knot, comments: “We were in the search process for a considerable amount of time to ensure that we had the right partner to help us effectively manage and move the Sigma Finance business forward.
“We were especially impressed with the commitment that Royal Trust made to get to know us and develop a service proposal that fit with our business strategy.”

In addition to the Sigma appointment, Royal Trust has picked up two major North American custody wins.
Canadian aerospace to real estate firm, Bombardier, recently appointed Royal Trust as global custodian for $2.8bn in global assets, a brief including securities lending services.
And Detroit based financial services provider Comerica Incorporated has awarded Royal Trust a $1bn global custody mandate, servicing 28 markets world-wide.

José Placido, senior vice president at Royal Trust GSS, comments: “Royal Trust is committed to building strong partnerships with our clients both at home and internationally.
“We will continue to support these relationships by providing top-quality services, backed by leading technology and client-focused products.”

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