LONDON, August 10, 2010 — RBC Global Asset Management (RBC GAM), a global provider of investment management services and solutions, today announced the latest hire to its London-based emerging markets equity team.
Guido Giammattei has been appointed a portfolio manager on the RBC Emerging Markets Fund and will focus on the Latin American region. The RBC Emerging Markets Fund was launched in April 2010, following the establishment of the RBC GAM Emerging Markets Equity Team in January.
“Guido’s strong track record and extensive background in the Latin American market make him an invaluable addition to our team and the RBC Emerging Markets Fund,” said Phil Langham, head of the RBC GAM Emerging Market Equity Team. “Since the fund holds a distinct portfolio of high-quality companies with broad geographic exposure, Canadian investors will benefit greatly from Guido’s specialized expertise in that region.”
Giammattei was previously at Rexiter Capital Management, where he was an equity analyst and then a portfolio manager focused on Latin American investments. He has also held positions at State Street and HSBC.
“We look to continue enhancing our capabilities in Europe as part of our overall objective to bring high quality global debt and equity investment solutions to institutional and individual investors worldwide,” said Dominic Wallington, CEO and CIO of RBC Asset Management UK Ltd.
RBC Global Asset Management (RBC GAM) comprises RBC Asset Management Inc. (RBC AM), Phillips, Hager & North Investment Management Ltd. (PH&N) and RBC Global Asset Management (U.S.) Inc. The group of companies forms the asset management division of Royal Bank of Canada (RBC), a global institution with the
reputation of stability and strength. RBC GAM group of companies manage approximately C$200 billion in assets, including over C$100 billion in IFIC-reported mutual fund assets in Canada. PH&N won the Lipper Awards for “Best Overall Fund Group” in 2010 and “Best Bond Fund Family” in 2007, 2008 and 2010; RBC AM won the Lipper Awards for “Best Bond Fund Family” in 2009 and “Best Overall Fund Group” in 2007 and 2008. Website: www.rbcgam.com.
RBC Global Asset Management is part of RBC Wealth Management which directly serves affluent and high net worth clients in Canada, the United States, Latin America, Europe and Asia. RBC Wealth Management provides integrated and diversified international wealth management expertise and solutions, asset management and trust services to high net worth individuals and to corporate and institutional clients. Services provided by RBC Wealth Management consultants, advisors, private bankers and trust officers include trust and estate planning, tax advice, discretionary investment management and investment advisory services, structured solutions, banking, lending and global custody. RBC Wealth Management has more than C$490 billion of assets under administration, nearly C$240 billion of assets under management and more than 4,500 financial consultants, advisors, private bankers and trust officers.