Northern Providence Investments selects RBC Dexia 05 August 2010Toronto Reporter: Steven Lafferty
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RBC Dexia Investor Services this week announced that it has been appointed by Northern Providence Investments to provide custody, fund valuation and shareholder recordkeeping for that company's entire family of 14 SRI (socially responsible investment) funds.
"Our firm is focused exclusively on SRI funds. As such, we set out to identify a custodian with proven experience with SRI and ESG (environmental, social and governance) factors," said Peterson Frederick, Chairman and interim Chief Executive Officer of Northern Providence Investments. "After a thorough review, we selected RBC Dexia. We were impressed not only by their leadership and experience in SRI, but also by their long and successful track record, their global infrastructure and their financial strength and stability."
"We are very pleased to have been selected as investor services provider for Northern Providence Investments," said John Lockbaum, Managing Director, Canada for RBC Dexia Investor Services. "Partnering with clients such as Northern Providence and allowing them to focus on their strategic priorities is the cornerstone of our service offering. We anticipate a long and productive working relationship and look forward to the opportunity to help them achieve their business objectives in the years ahead."
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