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RBC to close Melbourne custody office

Redundancies are on the cards at Royal Bank of Canada's custody arm, RBC Investor and Treasury Services, after it confirmed it will be closing its Melbourne operations and moving the entire Australian business to its Sydney headquarters.

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Read more: Melbourne operationsRBC Investor and Treasury ServicesSydneyAustraliaRoyal Bank of CanadaInvestmentAMAustralian Custodial Services AssociationGoldman Sachs JBWere Asset Management