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RBC seeks growth via asset-management deals in Asia


Royal Bank of Canada hopes to make small- to medium-sized acquisitions in Asia and Latin America to build its equity capabilities in global asset management.

“We’re very strong in North America, and globally in fixed income, so we are interested in strengthening our international equity capabilities with a particular focus on Latin America and Asia,” RBC Wealth Management group head George Lewis.

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The Lion City also has the highest insurance penetration amongst the six markets at 5.9%.
On back of a modest increase in US interest rates.
As Asian hedge funds outperformed peers.
Santa is on his sleigh and the elves won't be back until Jan 6.