Royal Bank of Canada’s Global Asset Management arm (RBC GAM International) has appointed Clive Brown as its new CEO and managing director.
Brown will oversee RBC GAM’s business in Europe, the Middle East, Africa and the Asia Pacific region, excluding Bluebay Asset Management. Based in London, Brown will report to John Montalbano, CEO of RBC GAM Inc.
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With over 30 years’ experience in the sector, Brown joins from JP Morgan Asset Management, where his most recent role was global chief operating officer and chairman of Asia.
Montalbano said: "RBC Global Asset Management’s global growth plans include a focus on Europe, the Middle East, Africa and the Asia pacific region. The financial strength and stability of RBC, combined with our strong investment discipline and client-focused culture enable us to continue to attract top industry talent. Clive has an exception background and is ideally suited to provide focus and direction to our teams in London and Hong Kong in support of our business expansion plans in these regions."
RBC GAM has over C$335 billion in assets under management globally as of April 30, 2014.
