RBC Investor Services Bank S.A. products, services and reviews

About RBC Investor Services Bank S.A.

RBC Investor Services Bank S.A. is a Luxembourg-domiciled credit institution (société anonyme) focused on asset servicing for institutional clients, historically part of Royal Bank of Canada’s Investor & Treasury Services division. The bank is authorised by the Commission de Surveillance du Secteur Financier (CSSF) and provides depositary and custody services for UCITS and AIFs, along with fund accounting and administration, transfer agency, middle-office support, securities lending, foreign exchange and cash management, collateral management, and related regulatory and tax reporting. Operations are anchored in Esch‑sur‑Alzette and supported by a cross‑border model that uses EU passporting and a network of sub‑custodians and market infrastructures for safekeeping across jurisdictions. The institution serves asset managers, pension funds, insurers, banks, and other asset owners, and does not operate as a retail bank. As a Luxembourg credit institution, it is subject to EU prudential requirements (CRR/CRD), AML/CFT rules, and local conduct standards; eligible deposits fall under the Luxembourg deposit guarantee scheme (FGDL), while fund assets are held off balance sheet under segregation and depositary liability regimes set by UCITS V and AIFMD. In July 2023, CACEIS completed the acquisition of RBC’s European asset servicing activities, including the Luxembourg entity; the business has since been integrated into the CACEIS group and rebranded, with client contracts, operating platforms, and governance frameworks migrating to CACEIS standards. Financial disclosures are available through Luxembourg public filings and CSSF reporting; headline assets under custody/administration and credit ratings are typically presented at the business line or parent level rather than for the individual Luxembourg bank. Key practical considerations for clients include the institution’s role as depositary for Luxembourg‑domiciled funds, its operating model and outsourcing arrangements under CSSF circulars, and the implications of the post‑acquisition integration for service levels, documentation, and counterparty designations.