/R E P E A T -- RBC Global Asset Management adds new global equity team in London/

  /R E P E A T -- RBC Global Asset Management adds new global equity team in

PR Newswire


LONDON AND TORONTO, Jan. 14, 2014 /PRNewswire/ - 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

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

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

*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.



Connie Soave, RBC GAM Communications, 416 955-0577
Leah Commisso, RBC GAM Media Relations, 416 955-6498

Lily Sheringham, Brunswick Group, +44 (0) 2074045959

Taylor Watson, Brunswick Group, +1 212 333-3810
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