RBC Global Asset Management has added 10 global equity specialists to its investment management team in London, hiring an entire team of specialists from First State Investments (UK).

RBC Global Asset Management has added 10 global equity specialists to its investment management team in London, hiring an entire team of specialists from First State Investments (UK). Led by Habib Subjally, the team managed $2.5 billion in a variety of global equity strategies for institutions and private clients.

Subjally will assume the position of senior portfolio manager and head of global equities at RBC GAM-UK, while 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.

Over the past eight years, Subjally was head of global equities and led the global equity team at First State Investments. The core of his team has worked together for the last seven years, with an average tenure of 16 years in the industry. The firm said that five from the equity team have already joined RBC GAM-UK, while Subjally and the remaining members will join in early March.

“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. Habib and his team fit seamlessly with our approach,” said Dan Chornous, chief investment officer, RBC Global Asset Management.

RBC Global Asset Management is the asset management division of Royal Bank of Canada, and includes institutional money managers BlueBay Asset Management, Phillips, Hager & North Investment Management, RBC Global Asset Management (US), and RBC Global Asset Management (UK). Together, the group of companies manage more than C$300 billion in assets.