Date Closed

July 27, 2012

Lead Office

Montréal

Value

1.11 Billion CAD

On July 27, 2012, Royal Bank of Canada ("RBC") announced it had completed the acquisition of the 50 per cent stake of RBC Dexia Investor Services Limited that RBC did not already own from Banque Internationale Luxembourg S.A. With this transaction, RBC becomes the sole owner of the top 10 global custodian, which is being rebranded RBC Investor Services.

RBC, headquartered in Toronto, Ontario, is the largest financial institution in Canada.

RBC Investor Services, headquartered in London, United Kingdom,  is a premier provider of investor services to asset managers, financial institutions and other institutional investors worldwide.

Dexia Group, headquartered in Brussels, Belgium, is a financial institution.

McCarthy Tétrault LLP represented Dexia Group, as seller, with a team led by Sonia Struthers, and including Daniel Bénay, and Nancy Carroll.