RBC Global Asset Management Inc. Awarded Natural Resources Mandate for China's National Social Security Fund

RBC Global Asset Management Inc. Awarded Natural Resources Mandate for China's National Social Security Fund PR Newswire TORONTO, July 24, 2012 TORONTO, July 24, 2012 /PRNewswire/ -- RBC Global Asset Management Inc.

Published : Monday, August 20, 2012
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RBC Global Asset Management Inc. Awarded Natural Resources Mandate for China's National Social Security Fund
PR Newswire TORONTO, July 24, 2012
TORONTO,July 24, 2012/PRNewswire/ --RBC Global Asset Management Inc. today announced that it has been selected to manage a global natural resources mandate byChina'sNational Council for Social Security Fund (NCSSF). "It is an honour to be selected byChina'sNational Council for Social Security Fund as a manager for their global natural resources mandate," said John Montalbano, CEO of RBC Global Asset Management Inc. "This is a prestigious appointment from one of the world's largest pension funds and is a reflection of RBC Global Asset Management's role as a leading provider of global natural resources investment capabilities." The NCSSF is a supplementary fund ofthe People's Republic of China, and is responsible for the management and operation of the country's National Social Security Fund. "This announcement is historically significant and reflects our ambitious international growth strategy," added Montalbano. "As a leading global investment management firm, we are committed to providing our clients, in Chinaand around the world, an exceptional experience in client service and investment returns." About NCSSF OnAugust 1, 2000, the Central Committee of CPC and the State Council decided to establish the National Social Security Fund and the National Council for Social Security Fund (NCSSF) to manage and operate the assets of the National Social Security Fund. The Fund serves as the social security strategic reserve centralized by the central government to meet the social security needs during the peak time period of the future aging population. For more information on the NCSSF, visit: http://www.ssf.gov.cn/Eng_Introduction/201206/t20120620_5603.html About RBC Global Asset Management and RBC Wealth Management RBC Global Asset Management (RBC GAM) is the asset management division of Royal Bank ofCanada(RBC), and includes institutional money managers BlueBay Asset Management, Phillips, Hager & North Investment Management and RBC Global Asset Management (U.S.). RBC GAM is a provider of global investment management services and solutions to individual, high-net-worth and institutional investors through exchange-traded funds, hedge funds, mutual funds, pooled funds, separate accounts and specialty investment strategies. RBC GAM group of companies manage more than$250 billionin assets and have approximately 1,000 employees located acrossCanada,the United States,EuropeandAsia. RBC Global Asset Management is part of RBC Wealth Management, which is one of the world's top 10 largest wealth managers. RBC Wealth Management directly serves affluent, high-net-worth and ultra high net worth clients in
Canada,the United States,Latin America,Europe, theMiddle East,Africaand Asiawith a full suite of banking, investment, trust and other wealth management solutions. The business also provides asset management products and services directly and through RBC and third-party distributors to institutional and individual clients, through its RBC Global Asset Management business (which includes BlueBay Asset Management). RBC Wealth Management has more thanC$560 billionof assets under administration, more thanC$322 billionof assets under management and approximately 4,300 financial consultants, advisors, private bankers and trust officers. For further information: Yen To, RBC GAM Communications, +1-416-955-5916 Leah Commisso, RBC GAM Media Relations, +1-416-955-6498
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