| |
RBC Global Asset Management Inc. Seeks New Sub-Advisor for
RBC Private EAFE Equity Pool
TORONTO, JUNE 6, 2011— RBC Global Asset Management
Inc. (RBC GAM) announced today that it has begun a search
to identify a replacement sub-advisor for the RBC Private
EAFE Equity Pool (the "Pool"). Mondrian Investment
Partners Limited will continue its role as sub-advisor for
the Pool until another sub-advisor is identified. RBC GAM
will continue to provide investment management oversight for
the Pool to ensure a smooth transition.
About RBC Global Asset Management and RBC Wealth Management
RBC Global
Asset Management (RBC GAM) is the asset management division
of Royal Bank of Canada (RBC) which includes institutional
money managers Phillips, Hager & North Investment Management
(PH&N), RBC Global Asset Management (U.S.) and BlueBay
Asset Management. RBC GAM is a provider of global investment
management services and solutions to individual, high net
worth and institutional investors through mutual funds, pooled
funds, hedge funds, segregated accounts and specialty investment
strategies. RBC GAM group of companies manage approximately
$250 billion in assets and have almost 1,000 employees located
across Canada, the United States, Europe and Asia.
RBC Global Asset Management 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. RBC Wealth Management provides integrated
and diversified international wealth management expertise
and solutions, asset management and trust services to high
net worth individuals and to corporate and institutional clients.
Services provided by RBC Wealth Management consultants, advisors,
private bankers and trust officers include trust and estate
planning, tax advice, discretionary investment management
and investment advisory services, structured solutions, banking,
lending and global custody. RBC Wealth Management has over
$535 billion of assets under administration, over $300 billion
of assets under management and more than 4,500 financial consultants,
advisors, private bankers and trust officers.
- 30 -
For more information, please contact:
Yen To, RBC GAM Communications, 416 955-5916
Leah Commisso, RBC GAM Media Relations, 416 955-6498
|
|
