RBC appoints new executives to lead U.S. global asset management arm [Globe and Mail, The (Toronto, Canada)]
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Royal Bank Of Canada (RY)
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Source: Globe and Mail, The
and Brandon Lew as president in the division's new-look leadership since Donald Sanya's appointment as CEO. The three executives will start their new roles on Aug. 1, the Toronto-based lender said. Rausch and Lew are replacing Carol Kuha and Mike Lee, who will be retiring at the end of July. Kenyan Sanya joined the bank in 2014 and previously held senior roles at BlackRock. The RBC GAM group manages about $453-billion in assets, with teams in eight cities across Asia, Europe and North America. RBC and other Canadian banks have been seeking growth opportunities outside their domestic market, venturing into areas including personal banking, capital markets and asset management. Sign up for our new Business Brief newsletter. A daily look at the most important business stories that are making news and moving markets, written by Chris Wilson-Smith Register to sign up Explore newsletters Report an editorial error Report a technical issue Tickers mentioned in this story
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