RBC has entered an agreement to acquire Australian asset manager, Yarra Capital Management, as the firm looks to expand its global footprint.
Damon Williams
The transaction is expected to finalise in Q1 2027 and is set to support RBC Global Asset Management’s growth ambitions in both Australia and APAC, and bolster the firm’s positioning as an asset manager on a global scale.
“Yarra’s reputation within Australian fixed income and equities is a testament to its strong track record in investment performance and culture of putting clients first,” said Damon Williams, chief executive of RBC Global Asset Management.
“We know Australian institutional investors and intermediaries take a globally oriented approach to asset allocation. We believe the strength of our investment capabilities that go beyond domestic borders within fixed income, equities and alternatives are well-positioned to support this investor appetite.”
Read more – Fireside Friday with… RBC Global Asset Management’s Kaniel Gomes
Yarra Asset Management currently holds $18 billion assets under management, and its offering is specifically tailored to Australian fixed income and equities, as well as alternative investment solutions.
Dion Hershan, executive chair of Yarra Capital Management, added: “The strong cultural alignment between Yarra and RBC is very clear and we share the same fundamental beliefs of serving our clients with compelling products and services, delivering investment excellence and developing and retaining the best talent.”