Royal Bank of Canada
has completed its purchase from Banque Internationale à Luxembourg of its
50 per cent share of RBC Dexia Investor Services, having received all necessary
regulatory clearance.

As part of the change, the deal, originally announced on 3
April this year, the firm will change its name to RBC Investor Services,
according to a statement from the Canadian bank.

When the deal was first announced, RBC said the cost of the
deal amounted to a total of €837.5 million (C$1.1 billion) in cash, giving it
100 per cent control of the entity.

RBC Dexia Investor Services is a top 10 global custodian
that serves institutional investors, with services such as global custody, fund
and pension administration, shareholder services and treasury activities.