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RBC Global Asset Management Inc. Seeks new
sub-advisor for RBC Private Core Canadian Equity Pool
TORONTO, August 10, 2012 — RBC Global Asset
Management Inc. today announced that it has begun a search
to identify a replacement sub-advisor for the RBC Private
Core Canadian Equity Pool.
Highstreet Asset Management Inc. will continue its role as
sub-advisor for the Pool until another sub-advisor has been
identified. RBC Global Asset Management Inc. 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), and includes institutional
money managers BlueBay Asset Management, Phillips, Hager &
North Investment Management and RBC Global Asset Management
(U.S.). RBC GAM is a provider of global investment management
services and solutions to individual, high-net-worth and institutional
investors through exchange-traded funds, hedge funds, mutual
funds, pooled funds, separate 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 is one of the world's top 10
largest wealth managers. RBC Wealth Management directly serves
affluent, high-net-worth and ultra high net worth clients
in Canada, the United States, Latin America, Europe, the Middle
East, Africa and Asia with a full suite of banking, 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, through its RBC Global Asset Management
business (which includes BlueBay Asset Management). RBC Wealth
Management has more than C$560 billion of assets under administration,
more than C$322 billion of assets under management and approximately
4,300 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
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