RBC Global Asset Management Inc. Appoints Sub-Advisor for RBC Private EAFE Equity Pool
TORONTO, October 27, 2011 RBC Global Asset Management Inc. today announced that effective Monday, October 31, 2011, EARNEST Partners, LLC (Earnest) has been appointed as sub-advisor for the RBC Private EAFE Equity Pool.
Earnest is an independent, employee-owned asset management firm currently advising on more than US$15 billion in assets for clients around the world. The firm manages portfolios for more than 300 clients including corporations, government pension funds, sovereign wealth funds, jointly-trusteed plans, endowments and foundations. The firm is also engaged in sub-advisory relationships with a number of global financial institutions. Earnest is headquartered in Atlanta, GA with representative offices in Beijing and Hong Kong.
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 more than $250 billion in assets and have approximately 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 $525 billion of assets under administration, over $310 billion of assets under management and more than 4,500 financial consultants, advisors, private bankers and trust officers.
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For more information, please contact:
Yen To, RBC GAM Communications, 416 955-5916
Leah Commisso, RBC GAM Media Relations, 416 955-6498