Royal Bank Of Canada Creates Top-Level Asset Management Role For Global Push

Stephen Little

20 August 2014

, the asset management arm of Royal Bank of Canada, has appointed Clive Brown as chief executive and managing director of RBC GAM International as part of the firm’s global growth plans.

In this newly-created role, Brown will be responsible for RBC GAM’s business in Europe, the Middle East, Africa and the Asia-Pacific region, excluding BlueBay Asset Management, RBC said in a statement.

He will be based in RBC GAM’s London office and will report to John Montalbano, chief executive of RBC GAM, effective 1 October.

Brown has over 30 years of experience in the financial services industry. He was previously at JP Morgan Asset Management, where he spent 21 years working in a number of roles - most recently as global chief operating officer and chairman of Asia, based in Hong Kong. Before this, he was chief executive of JP Morgan Asset Management International. He began his career in 1982 at Price Waterhouse, where he qualified as a chartered accountant.

The appointment follows the recent growth of of RBC GAM’s investment management teams in both London and Hong Kong, including the addition of 10 global equity specialists earlier this year and, more recently, the addition of three new members to RBC GAM’s London-based EMEA business development team.

RBC GAM has over C$335 billion in assets under management globally ($305 billion) as at April 30, 2014.