RBC Global Asset Management is appointing Clive Brown CEO and managing director of RBC GAM International.
It’s a new position. In it, Brown will oversee RBC GAM’s business in Europe, the Middle East, Africa and the Asia-Pacific region, excluding BlueBay Asset Management. He takes the job October 1, and he’ll be based in RBC GAM’s London office. He’ll report to John Montalbano, CEO of RBC GAM.
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Brown joins RBC GAM with more than 30 years of experience in financial services, including 21 years at JP Morgan Asset Management, where he was most recently global chief operating officer and chairman of Asia, based in Hong Kong. He started his career in 1982 at Price Waterhouse where he qualified as a Chartered Accountant.
“RBC Global Asset Management’s global growth plans include a focus on Europe, the Middle East, Africa and the Asia- Pacific region,” says Montalbano.
RBC GAM has more than $335 billion in assets under management globally, as at April 30. Brown’s appointment is part of the company’s growth plan. It started in 2001 when it acquired Voyageur Asset Management. In 2008, RBC GAM took over Phillips, Hager & North Investment Management and in 2010 BlueBay Asset Management joined the roster. RBC GAM has also expanded its investment management teams in London and Hong Kong.