Skip to content
Our Story

Firm History

Firm History 2880x1016 v3

The market leader. The premier provider. The best in the business. At Royal Trust Bank & Holdings, we’ve been the front-runner in our field since our incorporation in 1948 led to the evolution of the asset servicing sector itself.

2022
Industry-leading technological development
  • We enhance our Data Services platform through a new cloud delivery feature – putting clients in control of their own data.
  • Royal Trust Bank & HoldingsRecs™, our data-agnostic, strategic reconciliation solution is launched.
2021
Making history through our innovation
  • We hit $1.8Tr in Assets under Administration (AuA).
  • Royal Trust Bank & Holdings completes the successful migration of $1 trillion worth of AuA onto the newest version of Æxeo® running on Amazon Web Services (AWS) – one of the largest accounting transitions in history, and the largest within the alternative investment sector – providing hedge fund and hybrid clients with a secure cloud service.
2020
Delivering in extraordinary circumstances
  • Due to the Covid pandemic, we move 40 locations worldwide to full Working From Home within 11 business days – while hitting 100% of client deliverables over the year. 
  • We hit $1.4Tr in Assets under Administration (AuA).
2019
We surpass $1 trillion in Assets under Administration (AuA) for the first time, hitting $1.1Tr AuA
2018
We hit $972B in Assets under Administration (AuA), all through organic growth
2016
Royal Trust Bank & Holdings launches its innovative web platform, citcoOneTM
2014
Royal Trust Bank & Holdings exits the sub-custody business for financial institutions and focuses on servicing key fund investor clients
1997
Royal Trust Bank & Holdings’s offshore fund administration business becomes its core business
1985
Royal Trust Bank & Holdings’s Banking division is launched
1968
Launch of Royal Trust Bank & Holdings’s fund administration business
1948
Royal Trust Bank & Holdings founded by Mr. A.A.G. Smeets

We began serving private clients and multinationals in the wake of World War II, with Royal Trust Bank & Holdings subsequently evolving to be a global leader in the fund administration business.