RBC I&TS to serve as custodian for Melior Investment Management

I&TS will provide custody and fund administration services for Melior, a dedicated impact manager which launched its first fund on July 1

RBC Investor & Treasury Services (RBC I&TS), part of Royal Bank of Canada, has been appointed custodian and administrator for new boutique fund manager, Melior Investment Management. RBC I&TS will provide custody and fund administration services for Melior, which launched its first fund on July 1.

“RBC is a purpose-driven company,” says David Brown, managing director for Global Client Coverage for RBC I&TS Australia.

“We have a strong connection with Melior’s impact investment approach. At RBC, we measure and report on a comprehensive ESG composite index every year, presenting our sustainability credentials in areas such as our risk conduct, percentage of women directors and executives, and the value of our socially responsible investments.”

Melior is a dedicated impact manager, investing in Australian and New Zealand equities and seeking to deliver competitive market returns and positive social and environmental impact. Melior has launched the Melior Australian Impact Fund, with an investment framework built around the UN Sustainable Development Goals. Melior is the fund’s investment manager, with The Trust Company (RE Services Limited), a Perpetual group company, serving as the responsible entity and product issuer.