The team of specialists, led by Habib Subjally, join from First State Investments (UK) Limited where they previously managed $2.5bn in a variety of global equity strategies for institutions and private clients over the past eight years.
Subjally will assume the position of senior portfolio manager and head of Global Equities. Neil Abbott, Luis Benoliel, Marcus Lun, Jeremy Richardson, Julie Thomas, Dag Wetterwald, Perry Winfield and Ben Yeoh are joining as senior portfolio managers, and Romain Scampini will join as portfolio manager.
'These expanded capabilities complement our existing breadth and depth of expertise across a wide range of global mandates, with a direct benefit to the individual and institutional investors we serve', said John Montalbano, chief executive officer, RBC GAM. 'The addition of this team brings considerable new strength to RBC Global Asset Management’s expertise in global equity management'.
Over the past eight years, Subjally was head of Global Equities and led the global equity team at First State Investments. He holds a Bachelors degree from the London School of Economics and the Chartered Accountant and ASIP designations. The core of his team has worked together for the last seven years, with an average tenure of 16 years in the industry.
'RBC GAM’s investment approach is characterized by fundamental research and rigorous discipline, along with a focus on risk management and portfolio construction, all within a team-oriented structure', said Dan Chornous, chief investment officer, RBC Global Asset Management. 'Habib and his team fit seamlessly with our approach, as demonstrated by their strong investment results and stability of returns, with notably solid performance in down markets'.
The new global equity team joins investment professionals at RBC GAM-UK specializing in emerging markets and European equities, as well as global and emerging markets fixed income. In total, the London office currently comprises 34 investment professionals and staff (including five from the new global equity group). That number will grow to 39 when Subjally and the remaining members join in early March.
'As a global organization with over C$300bn in assets under management, RBC GAM is committed to continually growing our capabilities', said Montalbano. 'Our growth trajectory – including organic growth as well as successful acquisitions such as BlueBay Asset Management in 2010 – reflects our commitment to bringing world-class expertise to our investment solutions and, ultimately, to our clients.'
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