RBC buys Dexia

Toronto-based Royal Bank of Canada has agreed to buy the rest of London, England-based RBC Dexia Investor Services Ltd. that it does not already own. RBC currently owns 50% of Dexia; the agreement is to purchase the remaining 50% from Luxembourg-based Banque Internationale à Luxembourg SA for $1.1 billion. RBC Dexia is a global custodian that serves institutional investors with global custody, fund and pension administration, shareholder services and treasury services.

(fcollie@investmentexecutive.com).