RBC Global Asset Management (RBC GAM), the asset management arm of Royal Bank of Canada, has appointed Clive Brown as chief executive and managing director, RBC GAM International.
In this newly created role, Brown will oversee RBC GAM's business in Europe, the Middle East, Africa and the Asia-Pacific region excluding BlueBay Asset Management.
Officially assuming the role on 1 October, Brown will be based in RBC GAM's London office and will report to John Montalbano, CEO for RBC GAM Inc.
Brown joins RBC GAM with over 30 years' experience in the financial services industry, including 21 years at JP Morgan Asset Management, where he held a number of senior roles, most recently as global chief operating officer and chairman of Asia, based in Hong Kong, and prior to that as CEO of JP Morgan Asset Management International. 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. "The financial strength and stability of RBC, combined with our strong investment discipline and client-focused culture enable us to continue to attract top industry talent. Clive has an exceptional background and is ideally suited to provide focus and direction to our teams in London and Hong Kong in support of our business expansion plans in these regions."