"It is an honour to be selected by China’s National Council for Social Security Fund as a manager for their global natural resources mandate," said John Montalbano, CEO of RBC Global Asset Management Inc. "This is a prestigious appointment from one of the world’s largest pension funds and is a reflection of RBC Global Asset Management’s role as a leading provider of global natural resources investment capabilities."
The NCSSF is a supplementary fund of the People’s Republic of China, and is responsible for the management and operation of the country’s National Social Security Fund.
"This announcement is historically significant and reflects our ambitious international growth strategy," added Montalbano. "As a leading global investment management firm, we are committed to providing our clients, in China and around the world, an exceptional experience in client service and investment returns."
About NCSSF
On August 1, 2000, the Central Committee of CPC and the State Council decided to establish the National Social Security Fund and the National Council for Social Security Fund (NCSSF) to manage and operate the assets of the National Social Security Fund. The Fund serves as the social security strategic reserve centralized by the central government to meet the social security needs during the peak time period of the future aging population.
