RBC Global Asset Management appoints new head of Asian Equities

HONG KONG and TORONTO, Aug. 21, 2013 /CNW/ - RBC Global Asset Management (RBC GAM) is pleased to announce the appointment of Mayur Nallamala, senior portfolio manager and head of Asian Equities. Based in Hong Kong, Mr. Nallamala assumes overall responsibility for managing RBC GAM's US$1.5 billion in Asian equity assets. In addition, Mr. Nallamala leads a team of portfolio managers and analysts in Hong Kong and provides insight on Asian equities and the economies of the region to support RBC GAM's global investment management strategies.

"RBC GAM is committed to bringing exceptional investment solutions to individual and institutional investors worldwide," said Dan Chornous, chief investment officer of RBC GAM. "As our new leader of Asian equities, Mayur brings a rigorous investment philosophy that is consistent with our own approach, a solid track record in the region, and a strong background in serving clients."

Prior to joining RBC GAM, Mr. Nallamala spent eight years with JP Morgan Asset Management in Hong Kong, where he managed US$4 billion in Asia Pacific ex-Japan mandates for sovereign wealth, institutional and retail clients around the world. Mr. Nallamala holds a Bachelor of Science degree in Economics and Economic History from the London School of Economics.

"As a global organization with over $290 billion in assets under management and bold expansion plans, adding to our capabilities in Asia is an important priority for us," said Damon Williams, head, Institutional Investments, RBC GAM. "RBC Global Asset Management has had a presence in Asian markets since 1997, and we continue to add to our capabilities and team in the region, in terms of both investment expertise and client servicing."

Mr. Nallamala will work in partnership with Adam Matthews, RBC GAM managing director and a former colleague, who joined RBC GAM in 2011 and leads RBC GAM's business and development activities in the Asia-Pacific region.

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 $290 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$604 billion of assets under administration, more than C$369 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