LONDON AND TORONTO, Jan. 14, 2014 /CNW/ - RBC Global Asset Management
(RBC GAM) today announced the addition of 10 global equity specialists
to its investment management team at RBC Global Asset Management (UK)
Limited (RBC GAM-UK) in London. The team of specialists, led by Habib
Subjally, join from First State Investments (UK) Limited where they
previously managed US$2.5 billion in a variety of global equity
strategies for institutions and private clients over the past eight
years. Mr. Subjally will assume the position of senior portfolio
manager and head of Global Equities. Neil Abbott, Luis Benoliel, Marcus
Lun, Jeremy Richardson, Julie Thomas, Dag Wetterwald, Perry Winfield
and Ben Yeoh are joining as senior portfolio managers, and Romain
Scampini will join as portfolio manager.
"These expanded capabilities complement our existing breadth and depth
of expertise across a wide range of global mandates, with a direct
benefit to the individual and institutional investors we serve," said
John Montalbano, chief executive officer, RBC GAM. "The addition of
this team brings considerable new strength to RBC Global Asset
Management's expertise in global equity management."
Over the past eight years, Mr. Subjally was head of Global Equities and
led the global equity team at First State Investments. He holds a
Bachelors degree from the London School of Economics and the Chartered
Accountant and ASIP designations. The core of his team has worked
together for the last seven years, with an average tenure of 16 years
in the industry.
"RBC GAM's investment approach is characterized by fundamental research
and rigorous discipline, along with a focus on risk management and
portfolio construction, all within a team-oriented structure," said Dan
Chornous, chief investment officer, RBC Global Asset Management Inc.
"Habib and his team fit seamlessly with our approach, as demonstrated
by their strong investment results and stability of returns, with
notably solid performance in down markets."
The new global equity team joins investment professionals at RBC GAM-UK
specializing in emerging markets and European equities, as well as
global and emerging markets fixed income. In total, the London office
currently comprises 34 investment professionals and staff (including
five from the new global equity group). That number will grow to 39
when Mr. Subjally and the remaining members join in early March.
"As a global organization with over C$300 billion in assets under
management, RBC GAM is committed to continually growing our
capabilities," said Mr. Montalbano. "Our growth trajectory - including
organic growth as well as successful acquisitions such as BlueBay Asset
Management in 2010 - reflects our commitment to bringing world-class
expertise to our investment solutions and, ultimately, to our clients."
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 LLP, Phillips, Hager & North Investment Management, RBC
Global Asset Management (U.S.) Inc., and RBC Global Asset Management
(U.K.) Limited. 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 C$300 billion in assets and
have approximately 1,100 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$639 billion of assets under administration, more than C$387
billion of assets under management and over 4,400 financial
consultants, advisors, private bankers, and trust officers. For more
information, please visit www.rbcwealthmanagement.com.
*Scorpio Partnership Global Private Banking KPI Benchmark 2013. 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.
SOURCE RBC
