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Bridgewater Bank selects RBC Dexia for its custody and reporting services
MyMortgageBC.com note: Bridgewater Bank only sells insured mortgages through CMHC, Genworth and AIG. Bridgewater Bank is based out of Calgary, Alberta but offers mortgage throughout Western Canada including Vancouver, BC.
VANCOUVER, BC, Oct. 2 - Bridgewater Bank has announced today that it has selected RBC Dexia Investor Services to provide custody and reporting
services for the bank's Canada Mortgage Bond Investment portfolio. The
announcement signifies an expansion of the existing relationship that RBC
Dexia has with parent company, Alberta Motor Association (AMA), to include
investor services for the banking arm of the business.
"Bridgewater Bank was looking to partner with an investor services
provider in support of the continued growth of our organization," says Barry
Guise, Manager Securitization at Bridgewater Bank. "We determined RBC Dexia
provides the best overall service offering to meet our long-term needs. Not
only are they widely recognized as the leading custody provider in Canada, but
their commitment to quality client service is second to none. We firmly
believe RBC Dexia is the best choice to provide custody and reporting for our
growing portfolio."
"We are extremely pleased to be embarking on this new relationship with
such a well-respected member of the Canadian financial services community,"
said Brent Wilkins, Head, Sales & Relationship Management, North America for
RBC Dexia Investor Services. "We are looking forward to providing Bridgewater
Bank with the highest quality of service possible as we deliver on their needs
in the areas of custody and reporting."
RBC Dexia has been named the world's No. 1 custodian overall for four
consecutive years in the Global Investor Global Custody Survey (2004 - 2007)
and three consecutive years in the R&M Consultants Global Custody Survey (2005
- 2007).
About Bridgewater Bank
As the only federally regulated chartered bank with its main office
located in Calgary, Alberta, Bridgewater Bank manages a portfolio of
.9 billion. In business since 1997, Bridgewater Bank has a national presence
with over 17,000 accounts across Canada and representation in Vancouver,
Calgary, Edmonton, Toronto, Ottawa, and Halifax. Solely owned by the Alberta
Motor Association (AMA), Bridgewater Bank employs more than 120 staff members
and was recently voted the No.1 Canadian bank for broker support (CMP magazine
May 2007). Bridgewater Bank exceeds our clients' needs with innovative
mortgage products and competitive rate GICs.
www.bridgewaterbank.ca. |
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