TORONTO, June 6, 2012 /CNW/ - RBC Global Asset Management Inc. today
announced that Brown Advisory, LLC ("Brown Advisory") has been
appointed as sub-advisor for RBC Private U.S. Growth Equity Pool. This change will be effective as of June 18, 2012.
Brown Advisory is the primary investment advisory affiliate of Brown Advisory
Incorporated, an independent investment firm owned primarily by its
employees and directors with principal offices in Baltimore,
Washington, Boston and London. Since its founding as an affiliate of
Alex Brown & Sons in 1993, the firm has grown strategically, with
approximately $29 billion in private and institutional client assets.
Brown Advisory's investment capabilities include a wide array of U.S.
equity and fixed income strategies in addition to alternative
investments, open architecture and asset allocation capabilities.
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.
For further information:
Yen To, RBC GAM Communications, 416-955-5916
Leah Commisso, RBC GAM Media Relations, 416-955-6498