RBC Global Asset Management appoints new head of Asian Equities

HONG KONG and TORONTO, Aug. 21, 2013 /CNW/ – RBC Global Asset Management (RBC GAM) is pleased to announce the appointment of Mayur Nallamala, senior portfolio manager and head of Asian Equities. Based in Hong Kong, Mr. Nallamala assumes overall responsibility for managing RBC GAM’s US$1.5 billion in Asian equity assets. In addition, Mr. Nallamala leads a team of portfolio managers and analysts in Hong Kong and provides insight on Asian equities and the economies of the region to support RBC GAM’s global investment management strategies.

“RBC GAM is committed to bringing exceptional investment solutions to individual and institutional investors worldwide,” said Dan Chornous, chief investment officer of RBC GAM. “As our new leader of Asian equities, Mayur brings a rigorous investment philosophy that is consistent with our own approach, a solid track record in the region, and a strong background in serving clients.”

Prior to joining RBC GAM, Mr. Nallamala spent eight years with JP Morgan Asset Management in Hong Kong, where he managed US$4 billion in Asia Pacific ex-Japan mandates for sovereign wealth, institutional and retail clients around the world. Mr. Nallamala holds a Bachelor of Science degree in Economics and Economic History from theLondon School of Economics.

“As a global organization with over $290 billion in assets under management and bold expansion plans, adding to our capabilities in Asia is an important priority for us,” said Damon Williams, head, Institutional Investments, RBC GAM. “RBC Global Asset Management has had a presence in Asian markets since 1997, and we continue to add to our capabilities and team in the region, in terms of both investment expertise and client servicing.”

Mr. Nallamala will work in partnership with Adam Matthews, RBC GAM managing director and a former colleague, who joined RBC GAM in 2011 and leads RBC GAM’s business and development activities in the Asia-Pacific region.

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