Bermuda Commercial Bank Limited is moving its custody services relationship to Royal Bank of Canada’s investor & treasury services.

RBC investor & treasury services is an award winner in the global custody services sector.

“We are extremely excited about this new relationship. Through RBC investor & treasury services, BCB will be able to provide superior custody services to our clients. Our dedicated team of professionals will continue to nurture and build upon existing relationships,” said Peter Horton, CEO of BCB.

“This association furthers our commitment to servicing our clients in the best way possible.”

In a statement BCB said its custody provides a single dedicated contact person to ensure that the client does not feel ‘lost in the stream’ as is the case in many large institutions.

The bank statement continued: “BCB can provide a seamless multidisciplinary support infrastructure tailored to business requirements, while maintaining appropriate levels of risk management, compliance and corporate governance as required by Bermuda licensed entities and Bermuda regulations.”

Chris Seip, COO and head, of RBC investor & treasury services, Canada said: “We are delighted that Bermuda Commercial Bank has chosen us as their global custodian. This new mandate recognises the quality of our services designed for corporate and private clients. We look forward to working with BCB and supporting their business objectives.”