The firm’s name change represents an important step in its evolution into the US institutional client platform of RBC Global Asset Management (RBC GAM) that began in 2008.
RBC GAM comprises the three asset management firms owned by Royal Bank of Canada (RBC) – RBC GAM (US), RBC Asset Management and Phillips, Hager & North Investment Management.
Mike Lee, CEO, president and chief investment officer of RBC GAM (US), said: “Our new name reflects our shared values with RBC GAM, which reinforces our commitment to providing consistent investment excellence and exemplary client service to our clients in everything we do.
“We are proud to bring the strength and stability of RBC and RBC GAM to our clients. As part of the RBC GAM platform, we look forward to offering clients an expanded array of investment solutions in the coming months.”
