RBC Dexia IS has been rehired to provide investor services for VIA Rail Canada's CAD 1.5 billion (US$1.41 billion) pension plan. RBC Dexia will provide VIA Rail with a range of services including custody, securities lending and investment analytics services.

"We are confident in our decision to extend VIA Rail's working relationship with RBC Dexia for another five years," said Francois Quinty, director, investment management at VIA Rail. "We are comforted by the solid financial position of RBC Dexia as well as the very competitive value for money proposition that they offer, with a commitment to high quality client service. We feel they are well-positioned to support the needs of our pension plans in the years ahead."

The bank has also been selected to provide Canadian sub-custodian for Clearstream Banking Luxembourg, a subsidiary of Clearstream International.

"We have performed a thorough analysis in order to ensure that our high standards for service excellence and operational efficiency are met," said Mark Gem, member of the executive board and head of business management at Clearstream Banking Luxembourg. "Therefore, we feel confident to have taken the appropriate decision in appointing RBC Dexia."