TORONTO, May 25, 2021 /CNW/ – RBC Global Asset Management Inc. («RBC GAM Inc.») today announced that Lazard Asset Management LLC has been appointed as sub-advisor of RBC Private Overseas Equity Pool effective June 7, 2021.
Lazard Asset Management («LAM») operates from 24 cities across 17 countries with a global staff of over 800. As of March 31, 2021, LAM and affiliated asset management companies in the Lazard Group managed US $264.9 billion worth of client assets across a range of equity, fixed-income and alternative investment products worldwide.
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About RBC Global Asset Management
RBC Global Asset Management (RBC GAM) is the asset management division of Royal Bank of Canada (RBC) and includes money managers BlueBay Asset Management and Phillips, Hager & North Investment Management. RBC GAM is a provider of global investment management services and solutions to institutional, high-net-worth and individual investors through separate accounts, pooled funds, mutual funds, hedge funds, exchange-traded funds and specialty investment strategies. The RBC GAM group of companies manage approximately $540 billion in assets and have approximately 1,400 employees located across Canada, the United States, Europe and Asia.
SOURCE RBC Global Asset Management Inc.