RBC Asset Management appoints sub-advisor for RBC Private U.S. Value Equity Pool

    TORONTO, June 30 /CNW/ - RBC Asset Management Inc. announced today that
effective July 1, 2009, Westwood Management Corp. (Westwood) has been
appointed as sub-advisor for the RBC Private U.S. Value Equity Pool.
    Westwood was founded in 1983 with a focus on serving primarily
institutional clients. The firm manages over US$7 billion in assets with a
value oriented approach to investing in U.S. large cap, U.S. small and mid
(SMID) cap and U.S. small cap equities.

    About RBC Global Asset Management and RBC Wealth Management

    RBC Global Asset Management (RBC GAM) comprises RBC Asset Management Inc.
(RBC AM), Phillips, Hager & North Investment Management Ltd. (PH&N) and
Voyageur Asset Management Inc. Combined, RBC GAM's component companies manage
C$90 billion in IFIC-reported mutual fund assets in Canada and an additional
C$100 billion in other institutional and private client assets in Canada and
the United States. RBC AM won the Lipper Awards for "Best Bond Fund Family" in
2009 and "Best Overall Fund Group" in 2007 and 2008; PH&N won for "Best Bond
Fund Family" in 2007 and 2008. Website: www.rbcgam.com.
    RBC GAM 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 with a full suite of 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, and has more than $480 billion of assets under
administration, more than $230 billion of assets under management and nearly
4,500 financial consultants, advisors, private bankers and trust officers.

For further information:

For further information: Chris Dotson, RBC Global Asset Management
Communications, (604) 408-6009

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