| |
RBC Global Asset Management builds out emerging markets
capability in UK
LONDON, UK, January 13, 2010— RBC Global
Asset Management (RBC GAM), the leading Canadian-based global
investment manager and part of RBC Wealth Management, today
announced the hires of Philippe Langham and Michael Joynson
to its London team.
Langham, who holds the position of portfolio manager, will
be responsible for establishing and leading RBC GAM's Emerging
Markets equities team. He has been active in the investment
management industry since 1992. Most recently, he was the
head of Global Emerging Markets at Société Générale
Asset Management (SGAM) in London, and prior to this, he was
based in Zurich as head of Asia and Emerging Markets for Credit
Suisse.
Joynson joins RBC GAM as a senior member of the European
Equities team. He has twenty years experience in the investment
management industry and was most recently at Citigroup, where
he was a director in Global Equity Strategy. Prior to this
he was at Invesco Perpetual.
Commenting on the hires, Dominic Wallington, CEO & CIO
of RBC Asset Management U.K. Ltd, said: "Philippe and
Michael share our belief that a disciplined approach is key
to successful investing. Philippe brings to RBC GAM a wealth
of experience in emerging markets, spanning Asia, Eastern
Europe and Latin America. In addition, Michael's diverse experience
within equity markets is rooted in a strong process orientation,
which fits very well with our own approach to security selection.
We are actively looking to hire two more people to our team
in the coming months. This is all part of our strategy to
assemble a comprehensive offering of high performing global
debt and equity investment solutions for our clients and partners
worldwide."
The appointments of Langham and Joynson follow the news that
Jane Lesslie and Soo Boo Cheah, both Fixed Income portfolio
managers, have relocated from RBC GAM's Toronto group to London
to take advantage of the access to liquidity, research, and
corporate management teams that position London at the centre
of emerging markets and global fixed-income portfolio management.
About RBC
Royal Bank of Canada (RY on TSX and NYSE) and its subsidiaries
operate under the master brand name RBC. We are Canada's largest
bank as measured by assets and market capitalization, one
of North America's leading diversified financial services
companies and among the largest banks in the world, as measured
by market capitalization. We provide personal and commercial
banking, wealth management services, insurance, corporate
and investment banking and transaction processing services
on a global basis. We employ more than 80,000 full and part-time
employees who serve more than 18 million personal, businesses,
public sector and institutional clients through offices in
Canada, the U.S. and 53 other countries. For more information,
please visit www.rbc.com.
About RBC Global Asset Management and
RBC Wealth Management
RBC Global Asset Management (RBC GAM) is a leading Canadian-based
global investment manager. It has award-winning mutual funds
and is highly experienced in institutional money management.
RBC GAM and its component companies manage approximately $200
billion in assets in the United States and Canada. RBC GAM
has offices in the US, Canada, Europe and Asia. It ranks among
the top 100 asset management firms in the world, according
to Pension & Investments magazine. For more information,
please visit www.rbcgam.com.
RBC GAM is part of RBC Wealth Management, which directly
serves affluent and high net worth clients in Canada, the
United States, Latin America, Europe and Asia with a full
suite of investment, trust and other wealth management solutions.
The business also provides asset management products and services
directly and through RBC and third-party distributors to institutional
and individual clients, and has more than $500 billion of
assets under administration, over $245 billion of assets under
management and more than 4,500 financial consultants, advisors,
private bankers and trust officers. RBC Wealth Management
was recognized as the Outstanding Private Bank in North America
by Private Banker International in October 2009.
- 30 -
Media Enquiries:
Greentarget, London:
Phillippa Cantrill, Telephone: +44 (0)20 7680 5063
RBC Wealth Management, UK:
Sanam Alaghband, Telephone: +44 (0)20 7002 2013
RBC Wealth Management, Canada:
Chris Dotson, Telephone: (604) 408-6009
|
|
