/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  London/  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  Canada Connie Soave, RBC GAM Communications, 416 955-0577 Leah Commisso, RBC  GAM Media Relations, 416 955-6498  U.K. Lily Sheringham, Brunswick Group, +44 (0) 2074045959  U.S. Taylor Watson, Brunswick Group, +1 212 333-3810  To view this news release in HTML formatting, please use the following URL:  http://www.newswire.ca/en/releases/archive/January2014/14/c8445.html  CO: RBC GAM ST: Ontario NI: FIN