RBC I&TS named custodian for new boutique manager
RBC Investor & Treasury Services (RBC I&TS), a part of Royal Bank of Canada, has been appointed custodian and administrator for new boutique fund manager, Melior Investment Management.
The new manager, which launched its first fund earlier this week, described itself as a dedicated impact manager, investing across Australian and New Zealand equities and seeking to deliver competitive returns through positive social and environmental impact.
Melior’s Australian Impact Fund would align its investment goals with the UN Sustainable Development Goals.
Commenting on the announcement, Melior’s chief executive, Lucy Steed, said: “We selected RBC I&TS as our custody partner because of its focused strategy for asset managers and its strong ESG credentials, including the diversity of its team, which we felt were a good fit for our new fund.”
RBC said it measured its ESG composite index every year by presenting its sustainability credentials in areas such as risk conduct, percentage of women directors and executives, and the value of our socially responsible investments.
Melior is the fund’s investment manager, with The Trust Company which is RE Services, a Perpetual group company, serving as the responsible entity and product issuer.
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