RBC Wealth seeking deals to boost alternative assets: Reuters
Royal Bank of Canada's wealth management division, Canada's biggest player in the high net worth arena, is on the lookout for acquisitions to grow its presence in alternative assets, particularly real estate, and beef up U.S. distribution, Reuters reported. In the last six years, Toronto-based RBC has made two major acquisitions in the wealth management business, buying Phillips, Hager & North Investment Management Ltd in 2008 and BlueBay Asset Management Plc in 2010.
17 June 2014•2 mins read
