Royal Bank of Canada to Acquire Yarra Capital Management
Royal Bank of Canada (RBC) has entered into an agreement to acquire Yarra Capital Management, an Australian active asset manager specializing in fixed income, equities, and alternative investments. The acquisition is a strategic move by RBC Global Asset Management to expand its footprint in the Asia-Pacific region and diversify its market share outside of North America. Yarra Capital Management manages approximately A$18 billion in assets as of September 30, 2026. The transaction is expected to close in the first quarter of 2027, subject to regulatory approval. RBC noted that the acquisition is not expected to have a significant impact on its common equity Tier 1 (CET1) ratio or future run rate earnings.
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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)