Full Description

Dexia SA is a Belgian-based bank that focuses on Public and Wholesale Banking, providing local public finance actors with comprehensive banking and financial solutions, and on Retail and Commercial Banking in Europe, mainly Belgium, Luxembourg and Turkey. The commercial franchises in France, Belgium, Luxembourg, Italy and the Iberian Peninsula markets are core markets for Public and Wholesale Banking. Dexia also has a presence in Germany, Japan and Switzerland to retain platforms for access to funding sources. The Retail and Commercial Banking line includes asset management and investor services activities. The investor services business is conducted by RBC Dexia Investor Services, a joint venture with Royal Bank of Canada, which offers its expertise in global custody, fund and pension administration and shareholder services to institutions around the world. Total assets under custody amounted to USD 1.9 trillion as of December 31, 2008.