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At RBC Global Asset Management (GAM), creating a positive social impact is at the heart of our purpose. As we celebrate International Women’s Day 2024, we continue to work to take down barriers that hold women back from advancing in the workplace. Here are three ways we’ve worked to make a difference through the RBC Foundation.

Dress for Success Toronto - Youth Summit

Since 2009, Dress for Success (DFS) Toronto has helped over 15,000 women in the Greater Toronto Hamilton Area transition from unemployment to economic independence. Its mission is to empower women by providing a network of support, professional attire and the tools they need to thrive in work and in life.

In September 2023, RBC Future Launch helped sponsor the organization’s Youth Employment Summit (YES). This event delivered career development and job search support for women ages 18-29. In addition, RBC GAM employees attended a Lunch’n’Learn in March to learn more about the program. Many also opened their hearts and their closets to support an IWD clothing drive.

“International Women's Day is a day to celebrate the resilience, achievements and contributions of women around the globe while also reflecting on the barriers that many still face,” says Karine Picard, Director, Marketing & Strategic Partnerships, DFS Toronto. “We’re committed to making a tangible impact on women's lives by offering comprehensive support throughout their journey towards economic independence.”

On their partnership with RBC, Karine notes, “RBC's steadfast support has been transformative, enabling us to introduce targeted programming for youth aged 18-29.”

Ivey Women in Asset Management Program (WAM)

WAM was founded in 2022 by Ivey Business School (Western University, London, Ontario) and industry partners, including RBC GAM. The program is the first and only of its kind in Canada. It aims to spur women’s interest in asset management by introducing them to diverse career paths. The program also gives those who identify as women the skills and knowledge they need to secure employment in the industry.

The program started in London, Toronto and Montreal but is now expanding to Victoria and Edmonton. RBC GAM’s first cohort completed the program in August 2022. Six more students interned at GAM in 2023. They were exposed to many aspects of our business. Example include: helping to gather and evaluate data, analyze industries, prepare models and scenarios, and assess risks and opportunities.

Sharon Hodgson, Dean of Ivey Business School believes that with these kinds of partnerships, real change can happen. She observes: “Thanks to RBC GAM’s Benefactor support, along with our other corporate partners, 74 women between second and third year of university have graduated from the custom-designed program, free of charge, and completed a 10-12 week internship to gain hands-on experience and mentorship.”

 She adds, “I am thankful for the many women who have paved the way for me, but that road is still full of many challenges. We must continue to support and promote our future female leaders to turn that road to a super-highway.”

Fora: Rise on Boards 2023 (formerly Girls on Boards)

Launched in 2017, this program provides training and support to help young leaders join non-profit governance boards in their communities. These young Directors champion gender equity and shape decision-making on governance boards across Canada. 

Prior to their board appointment, they receive in-depth training from experts in matters of governance, financials, fundraising, communications, problem-solving and leadership. Each Young Director is supported by a board member and volunteer coach.  

“International Women’s Day is a moment to celebrate the progress of extraordinary individuals breaking barriers, challenging norms, and redefining leadership,” according to Jennifer Vachon, Director, Programs and Advocacy. “This includes many of our incredible program participants, who are showing up and changing the status quo in board rooms, community rooms, and in the halls of government.”

With the support of RBC, Rise on Boards has:

  • Trained 445 youth at Leadership Forums.

  • Equipped 170 young leaders (aged 18-25) in 43 cities across nine provinces with the skills, knowledge, networks, and applied experience of sitting on a board.

Speaking of RBC’s role, Vachon notes: “RBC is an essential partner in helping us build more equitable and inclusive board rooms across Canada. As the signature sponsor of our Rise on Boards program, RBC’s support helps us train and place emerging leaders from diverse backgrounds at the board table for the first time in their careers!”

Get the latest insights from RBC Global Asset Management.

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Disclosure

Date of publication: Feb 27, 2024

This material is provided by RBC Global Asset Management (RBC GAM) for informational purposes only and may not be reproduced, distributed or published without the written consent of RBC GAM or the relevant affiliated entity listed herein. RBC GAM is the asset management division of Royal Bank of Canada (RBC) which includes RBC Global Asset Management Inc. (RBC GAM Inc.), RBC Global Asset Management (U.S.) Inc. (RBC GAM-US), RBC Global Asset Management (UK) Limited (RBC GAM-UK), and RBC Global Asset Management (Asia) Limited (RBC GAM-Asia), which are separate, but affiliated subsidiaries of RBC.

In Canada, the material may be distributed by RBC GAM Inc., (including PH&N Institutional), which is regulated by each provincial and territorial securities commission. In the United States (US), this material may be distributed by RBC GAM-US, an SEC registered investment adviser. In the United Kingdom (UK) the material may be distributed by RBC GAM-UK, which is authorised and regulated by the UK Financial Conduct Authority (FCA), registered with the US Securities and Exchange Commission (SEC), and a member of the National Futures Association (NFA) as authorised by the US Commodity Futures Trading Commission (CFTC). In the European Economic Area (EEA), this material may be distributed by BlueBay Funds Management Company S.A. (BBFM S.A.), which is regulated by the Commission de Surveillance du Secteur Financier (CSSF). In Germany, Italy, Spain and Netherlands the BBFM S.A. is operating under a branch passport pursuant to the Undertakings for Collective Investment in Transferable Securities Directive (2009/65/EC) and the Alternative Investment Fund Managers Directive (2011/61/EU). In Switzerland, the material may be distributed by BlueBay Asset Management AG where the Representative and Paying Agent is BNP Paribas Securities Services, Paris, succursale de Zurich, Selnaustrasse 16, 8002 Zurich, Switzerland. In Japan, the material may be distributed by BlueBay Asset Management International Limited, which is registered with the Kanto Local Finance Bureau of Ministry of Finance, Japan. Elsewhere in Asia, the material may be distributed by RBC GAM-Asia, which is registered with the Securities and Futures Commission (SFC) in Hong Kong. In Australia, RBC GAM-UK is exempt from the requirement to hold an Australian financial services license under the Corporations Act in respect of financial services as it is regulated by the FCA under the laws of the UK which differ from Australian laws. All distribution-related entities noted above are collectively included in references to “RBC GAM” within this material.

This material is not available for distribution to investors in jurisdictions where such distribution would be prohibited.

The registrations and memberships noted should not be interpreted as an endorsement or approval of RBC GAM by the respective licensing or registering authorities.

This material does not constitute an offer or a solicitation to buy or to sell any security, product or service in any jurisdiction; nor is it intended to provide investment, financial, legal, accounting, tax, or other advice and such information should not be relied or acted upon for providing such advice. Not all products, services or investments described herein are available in all jurisdictions and some are available on a limited basis only, due to local regulatory and legal requirements. Additional information about RBC GAM may be found at www.rbcgam.com. Recipients are strongly advised to make an independent review with their own advisors and reach their own conclusions regarding the investment merits and risks, legal, credit, tax and accounting aspects of all transactions.

Any investment and economic outlook information contained in this material has been compiled by RBC GAM from various sources. Information obtained from third parties is believed to be reliable, but no representation or warranty, expressed or implied, is made by RBC GAM, its affiliates or any other person as to its accuracy, completeness or correctness. RBC GAM and its affiliates assume no responsibility for any errors or omissions in such information. Opinions contained herein reflect the judgment and thought leadership of RBC GAM and are subject to change at any time without notice.

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