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RBC appoints new executives to lead US global asset management arm
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RBC appoints new executives to lead US global asset management arm
Jun 28, 2024 7:18 AM

TORONTO, June 28 (Reuters) - Royal Bank of Canada ( RY )

has appointed Jessica Rausch as chief operating officer

of its US global asset management (GAM) business and Brandon Lew

as president in the division's new-look leadership since Donald

Sanya's appointment as CEO.

The three executives will start their new roles on Aug. 1,

the Toronto-based lender said.

Rausch and Lew are replacing Carol Kuha and Mike Lee, who

will be retiring at the end of July.

Kenyan Sanya joined the bank in 2014 and previously held

senior roles at BlackRock.

The RBC GAM group manages about $453 billion in assets, with

teams in eight cities across Asia, Europe and North America.

RBC and other Canadian banks have been seeking growth

opportunities outside their domestic market, venturing into

areas including personal banking, capital markets and asset

management.

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