RBC to Acquire Yarra Capital Management to Expand Australian Asset Management Presence
Royal Bank of Canada (RBC) has entered into an agreement to acquire Yarra Capital Management, an award-winning active management firm specializing in Australian fixed income, equities, and alternative investment solutions. The acquisition is a strategic move by RBC Global Asset Management to bolster its footprint in the Asia-Pacific region and diversify its market share outside of North America. As of September 30, 2026, Yarra Capital Management managed approximately AUD 18 billion in assets with a team of roughly 75 employees. The transaction is expected to close in the first quarter of 2027, subject to regulatory approvals. RBC anticipates that the acquisition will not have a significant impact on its Common Equity Tier 1 (CET1) ratio or annualized earnings.
Topics: Acquisition Asset Management Australia Market Expansion
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Part of the story Royal Bank of Canada to Acquire Yarra Capital Management (7 articles)