Chief Investment Officer
The merger between RBC Asset Management and Phillips, Hager & North in 2008 that formed RBC Global Asset Management, it really propelled the firm forward. We moved from being a $100 billion mutual fund manufacturer to being by far the largest asset manager in Canada with $200 billion of assets under management, moved into the institutional business to pair with our mutual fund business, vaulted ahead of our competitors domestically and really built critical mass or scale that could support the global ambitions of the firm.
The acquisition has really helped us invest in product development, in coverage of the market and being able to expand the business and therefore be a bigger contributor to the overall success of GAM.
Managing Director & Head of Alternative Investments
I think to bring on a team PH&N that had a legacy of success and expertise in fixed income markets was a huge leap for the organization in terms of establishing RBC GAM as the leader now in Canada in fixed income.
The acquisition of PH&N Institutional, it's really provided an opportunity for us to invest in our clients, in our people, and in the business overall.