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RBC Global Asset Management Inc. announces
changes to U.S. Mid-Cap Equity Funds
TORONTO, November 9, 2012 - RBC Global Asset Management
Inc. today announced that, effective Thursday November 15,
2012, portfolio management responsibilities for the RBC U.S.
Mid-Cap Equity Fund, the RBC U.S. Mid-Cap Equity Currency
Neutral Fund and the RBC Private U.S. Mid-Cap Equity Pool
will transition to RBC Global Asset Management (U.S.) Inc.
(RBC GAM (U.S.)).
Ken Tyszko, Senior Portfolio Manager for RBC GAM (U.S.),
will be the lead manager of the funds. He and his team specialize
in U.S. small- and mid-cap growth stocks at RBC GAM (U.S.)
and currently manage the mid-cap growth portion of the PH&N
U.S. Multi-Style All-Cap Equity Fund.
RBC GAM (U.S.) is the institutional division of RBC GAM group
of companies in the U.S. market. Founded in 1983, the firm
is a registered investment adviser headquartered in Minneapolis,
Minnesota, and has approximately US$40 billion in assets under
management. The firm manages U.S. equities, fixed income and
money market mandates. Its U.S. equity capabilities range
from large to micro cap, as well as across value and growth
styles. The firm's institutional clients include corporations,
public funds, financial institutions, foundations, endowments
as well as private clients across the U.S.
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 $260 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$562 billion of assets under administration,
more than C$324 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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