sorry for hijacking but what is rbc dexia???
from the website it doesn't seem a bank....
or is custodian a glorified word for "middle man"???
RBC Dexia, Royal Bank of Canada & Dexia
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 Apr 21 2009, 09:09 AM
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#1
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3,009 posts Joined: Jul 2008 From: The land of the free and the home of the brave!   
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Apr 21 2009, 10:43 AM
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#2
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3,009 posts Joined: Jul 2008 From: The land of the free and the home of the brave!
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QUOTE(zizieSP @ Apr 21 2009, 09:44 AM) ya i seen that in the website. I just don't quite understand what is rbc dexia....investment banking????? they used the word custodian which frankly speaking i don't understand wth that means |
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Apr 21 2009, 01:29 PM
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#3
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QUOTE(amir77 @ Apr 21 2009, 12:16 PM) yeap ..investment bank..the name says it all..rbc dexia investor services..but for malaysia its more to middle (NAV calculation) and end ( global custody) operations. thanks for the info Amir, then my next question is why need middle man (custodian) to hold the "asset"?custodian is the one who take care of the assets as in keep it and give it when asset managers want it back..of course with some charges..asset managers who decide where to invest and put the assets into which market..  is it because for funds exceeding a certain amount to flow out it needs the approval of bank negara? then we must be talking about huge multi-million deals  |
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Apr 22 2009, 01:25 PM
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amir, deodorant, soviet & piggy,
thanks for the info  |
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Apr 23 2009, 09:57 AM
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#5
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any senior posts available???
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