Home / Business and Economy / RBC Buys Yarra Capital for Australian Expansion
RBC Buys Yarra Capital for Australian Expansion
10 Nov
Summary
- Royal Bank of Canada's asset arm is set to acquire Yarra Capital Management.
- The deal significantly grows RBC Global Asset Management's Australian presence.
- The acquisition adds approximately A$18 billion in assets under management.
Royal Bank of Canada's asset management arm has reached an agreement to acquire Yarra Capital Management, a firm based in Melbourne. This acquisition marks a significant expansion for RBC Global Asset Management into the Australian market.
The deal is expected to add approximately A$18 billion to RBC Global Asset Management's current assets, which already stand at C$800 billion. This move enhances RBC's capabilities and presence in Australia.
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