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In 2008, we created RBC Global Asset Management, bringing together RBC Asset Management Inc. and Phillips, Hager & North Investment Management Ltd. in Canada, together with our U.S.-based institutional asset management company, RBC Global Asset Management (U.S.) Inc. Now, with our combined global investment management capabilities and continued commitment to excellence in service, our business represents CAD$200 billion (US$187B, £117B or €127B) in assets under management (as at October 31, 2009) and is well positioned for future growth and client success.
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