TORONTO, Sept. 9, 2015 /CNW/ - RBC Global Asset Management Inc. (RBC GAM
Inc.) today announced that portfolio management responsibilities for
Phillips, Hager & North U.S. Equity Fund and Phillips, Hager & North
U.S. Growth Fund will transition from RBC GAM Inc. to its U.S.
affiliate, RBC Global Asset Management (U.S.) Inc. (RBC GAM-U.S.) prior
to December 31, 2015.
Founded in 1983, RBC GAM-U.S. is a registered investment adviser
headquartered in Minneapolis, Minnesota. RBC GAM-U.S. has approximately
US$40 billion in assets under management, including U.S. equities,
fixed income and money market mandates. The firm's U.S. equity
capabilities range from large to micro-cap, as well as across value and
growth styles. Its institutional clients include corporations, public
funds, financial institutions, foundations, endowments as well as
individual investors 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 and Phillips, Hager & North Investment Management. RBC GAM
is a provider of global investment management services and solutions to
individual, high-net-worth and institutional investors through mutual
funds, exchange-traded funds, hedge funds, pooled funds, separate
accounts and specialty investment strategies. RBC GAM group of
companies manage more than $380 billion and have approximately 1,300
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 five 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 GAM business. RBC Wealth Management
has more than C$778 billion of assets under administration, more than
C$530 billion of assets under management and approximately 4,050
financial consultants, advisors, private bankers, and trust officers.
For more information, please visit www.rbcwealthmanagement.com.
*Scorpio Partnership Global Private Banking KPI Benchmark 2014. In the
United States, securities are offered through RBC Wealth Management, a
division of RBC Capital Markets, LLC, a wholly owned subsidiary of
Royal Bank of Canada. Member NYSE/FINRA/SIPC.
For further information:
Leah Commisso, RBC GAM Corporate Communications, 416-955-6498