RBC Investor Services wins mandate for John Sevior's new business
Airlie Funds Management, the new venture from Perpetual's former head of equities John Sevior, has selected RBC Investor Services to provide a range of investor services including custody, unit registry and fund administration.
Headed by directors Sevior and former Treasury Group managing director David Cooper, Airlie was given the green light to begin operating by the regulator in late September, with Cooper appointed managing director.
"We have chosen RBC Investor Services because we have a strong working knowledge of their processes and a good relationship with the key executives," he said.
RBC managing director David Travers said RBC was able to complete an end-to-end solution to meet Airlie's immediate needs as Sevior re-enters the marketplace.
Cooper added: "We want to hit the ground running with the launch of our new fund, and with the service and support RBC Investor Services provides we can focus on providing solid returns for our clients."
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