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RBC Dexia scores Superfund mandate

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RBC Dexia has scored another custody mandate, this time to provide administration and custody for Superfund.

As part of an Asian expansion strategy, global managed futures fund provider Superfund has appointed RBC Dexia to provide fund administration, custody and shareholder services.

Superfund is currently marketing five master/feeder funds to Asian investors and appointed RBD Dexia because of its local knowledge.

"With Asia being a specific part of our growth strategy, it was imperative our service provider has on-the-ground capabilities and an excellent local reputation for providing superior client service," Superfund executive officer Markus Weigl said.

"As we look to expand and launch new funds in the region, it gives us comfort knowing RBC Dexia will be there to offer guidance and support for our growth."

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RBC Dexia head of Asia Pacific sales and distribution Scott McLaren said the company's local knowledge and complete customer service offering could contribute to Superfund's success.

This year, RBC Dexia has scored a number of mandates, including from Omega Global Investors and Credit Suisse Investments.