RBC Global Asset Management (RBC GAM) offers a comprehensive range of investment management solutions and services for institutional and individual investors globally. Within institutional markets, RBC GAM operates as RBC GAM in the United States, as RBC GAM and PH&N Institutional in Canada, and as RBC BlueBay Asset Management (RBC BlueBay) across EMEA APAC. With 17 specialist investment teams located in eight cities in Europe, Asia, and North America, RBC GAM manages across a comprehensive spectrum of asset classes and strategies. 

In addition to established capabilities in equity, fixed income, liquidity management and alternative strategies, we have considerable expertise in responsible investing (RI) – including environmental, social and governance (ESG) integrated investing, and impact investing – enabling us to respond to a range of RI objectives and requirements.

•	In Canada, RBC GAM’s institutional division, PH&N Institutional, is among the country’s most established institutional asset managers. Founded in 1964, PH&N Institutional has a solid reputation for conservative active management and quality service. From offices across the country, we offer customized solutions crafted from the full range of RBC GAM’s global investment capabilities.

•	In the United States, RBC GAM offers a comprehensive range of investment solutions and services for institutions and intermediaries across the country. Drawing on a deep understanding of global macroeconomic trends and investments, our strategies target a broad range of objectives for US institutional investors, including fund-specific requirements and impactful social or environmental goals.

•	In the EMEA APAC regions, RBC GAM operates as RBC BlueBay, with on-the-ground client coverage from regional offices located across Europe, Japan, and Hong Kong. We offer institutional investors and intermediaries a full range of fixed income, equity, and alternative strategies and solutions based primarily on BlueBay’s specialist fixed income platform and RBC’s equity investment capabilities.

Our affiliation with Royal Bank of Canada (RBC) is an important strength. RBC is one of the largest banks globally, with a purpose-driven, principles-led approach to delivering performance and creating value for clients and communities. RBC’s financial stability, security, and scale enable RBC GAM to invest in top-quality proprietary product development and investment research, support advanced technology platforms and security, and attract and retain talented people, providing comfort to clients and driving business growth. Our multi-national workforce and access to global markets bolster local knowledge in key regions, enabling RBC GAM to do our part in delivering on RBC’s overall goal to help clients thrive and communities prosper. 

RBC Global Asset Management Inc. and PH&N Institutional
PH&N Institutional was founded in 1964, and was a privately held entity until 2008 when it was acquired by RBC. In 2010, the entity was amalgamated with RBC Asset Management Inc. to form RBC Global Asset Management Inc. (RBC GAM Inc.), an indirect, wholly-owned subsidiary of RBC, and the manager of the RBC, Phillips, Hager & North (PH&N), and BlueBay Funds in Canada. Today, PH&N Institutional serves Canadian institutional investors as a business division of RBC GAM Inc.

RBC Global Asset Management (U.S.) Inc. (RBC GAM-US)
Founded in 1983, RBC GAM-US was known as Voyageur Asset Management Inc. when RBC acquired the firm in 2001, and ultimately changed its name to RBC Global Asset Management (U.S.) Inc. in 2010 to reflect the firm’s role as the US institutional asset management business for RBC GAM in the United States. RBC GAM-US is an indirect, wholly-owned subsidiary of RBC.

RBC BlueBay Asset Management (RBC BlueBay)
RBC BlueBay refers to the combination of RBC’s equity capabilities located in London and Asia; and BlueBay’s specialty fixed income platform. The combined business offers institutional investors and intermediaries a full range of fixed income, equity, and alternative strategies. 

In the UK, RBC GAM was originally founded in October 1998, ultimately becoming RBC Global Asset Management (UK) Limited in 2013, at which time its investment-focused operations were expanded to include distribution. RBC GAM-UK is a wholly-owned subsidiary of Royal Bank of Canada Holdings Limited, itself a wholly-owned subsidiary of RBC.

The BlueBay business was founded in 2001 as an active fixed income specialist asset manager and was acquired by RBC GAM in 2010 in order to expand its franchise in EMEA, including regional offices located across Europe and Japan. Following the acquisition, BlueBay Asset Management PLC changed its corporate status to a private limited company; and in 2012, the investment management business of BlueBay was transferred to an English limited liability partnership.

In 2020, the two London-based businesses, RBC GAM-UK and BlueBay LLP, began evolving toward a single operating model to better harness the capabilities and growth of the respective businesses. Effective April 1, 2023, BlueBay LLP and RBC GAM-UK consolidated the businesses' UK legal entity structures, with BlueBay LLP transferring its business to RBC GAM-UK. Bringing together equity, fixed income and specialist alternative strategies under one operational umbrella allows RBC BlueBay to streamline service for clients in EMEA APAC.

RBC Global Asset Management (Asia) Limited (RBC GAM-Asia)
Founded in 1978, RBC GAM’s Asian presence was renamed to RBC GAM-Asia in 2019, and is 100% owned by RBC Trade Asia Limited, which is, in turn, owned by RBC. RBC GAM-Asia comprises primarily a single investment team focused on Asian Equities, and provides investment management services and products to clients across Asia, and worldwide through its affiliates.