TORONTO, June 6, 2011 /CNW/ - RBC Global Asset Management Inc. (RBC GAM)
announced today that it has begun a search to identify a replacement
sub-advisor for the RBC Private EAFE Equity Pool (the "Pool"). Mondrian Investment Partners Limited will continue its
role as sub-advisor for the Pool until another sub-advisor is
identified. RBC GAM 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) 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 approximately $250 billion in assets
and have almost 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 $535 billion
of assets under administration, over $300 billion of assets under
management and more than 4,500 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