RBC Dexia is a leading global custodian, providing offshore and onshore solutions for institutional investors across 16 markets.
Penrose will focus on promoting RBC Dexia's strengths as a partner to institutional investors with services reaching beyond those of a traditional custodian. The agency will support the firm's growth in offshore solutions, alternative investments and its outsourcing business in particular.
The Penrose team is led by Gay Collins, chief executive.
Alex Clelland, head of public relations, sponsorship and events at RBC Dexia said: ‘RBC Dexia has a clearly defined strategy for 2009 and we look forward to working with the Penrose team to successfully promote our brand values and achieve our goals for growth.'