TORONTO – Royal Bank of Canada has signed a deal to buy Australian investment manager Yarra Capital Management Ltd.
RBC Global Asset Management CEO Damon Williams says Yarra’s investment and distribution capabilities are complementary to RBC’s asset management business.
Financial terms of the deal for the firm with about 75 employees were not immediately available.
Founded in 2017, Yarra has offices in Melbourne and Sydney.
It had about A$18 billion in assets under management at Sept. 30.
The deal is expected to close in the first quarter of 2027.
This report by The Canadian Press was first published Nov. 9, 2026.
Companies in this story: (TSX:RY)
