Aubrey Capital Management, the Edinburgh-based global equities shop with a significant minority stake owned by Australia’s Treasury Group, was the latest client announced last December. The local chief of RBC Dexia Investor Services, David Travers, said he was confident in the future of Dublin as a fund administration domicile, saying it was doubtful that the European Union would force the economically-troubled Irish to increase its corporate tax rate, thereby damaging one of its most successful industries. RBC Dexia also has an eye to the growing exchange-traded fund market, on December 15 revealing it would provide custody and fund administration to BetaShares, a Canadian-backed provider of ETFs giving synthetic exposure to the ASX 200 Resources and Financials sectors.

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