MINNEAPOLIS, MN, Dec. 10, 2018 /PRNewswire/ - RBC Global Asset Management (RBC GAM) today announced plans to strengthen its commitment to responsible investing and impact investing in the United States. The company is establishing two new senior management roles to expand on its current efforts to bring relevant investment solutions and knowledge to US responsible investment and impact investment clients.
Ron Homer, Managing Director, Institutional Portfolio Manager and President, Access Capital Strategies has assumed the new role of Chief Strategist of Impact Investing for the US and Catherine Banat, Institutional Portfolio Manager has assumed the new role of Director of Responsible Investing in the US.
Ron will be responsible for educating investors on the potential role of impact investments in their portfolios and working with clients and prospects to match their unique investment objectives with relevant solutions. Ron will also support the fixed income investment teams with developing innovative impact investment capabilities at the firm. He will continue to be based in Boston.
Catherine will lead the development of RBC GAM's responsible investing distribution platform in the US. She will work with clients and prospects to identify their responsible investing goals. Catherine will also collaborate on behalf of US clients with Judy Cotte, VP and Head of Corporate Governance and Responsible Investment at RBC GAM. She will continue to be based in New York City.
"We are pleased to have two experienced leaders supporting the responsible investing and impact goals of our US-based clients," said Mike Lee, Global Head of Institutional Business at RBC GAM. "These new roles will align the expertise within our organization with the evolving needs of our clients and investment consultants."
Before joining RBC GAM, Ron was co-founder and chief executive officer of Access Capital Strategies LLC, an investment adviser specializing in community investments that was acquired by RBC GAM-US in 2008. Since then, Ron has led RBC GAM's impact investing efforts and has ensured that investment solutions are implemented based on each client's customized impact requirements.
Catherine joined RBC GAM in 2014 and has played a key role in the development and enhancement of relationships with impact investing clients. Catherine has also served as a key spokesperson for RBC GAM's Responsible Investing commitment and products. Prior to joining RBC GAM, Catherine has held leadership roles at the New York City Retirement Systems, Bureau of Asset Management and at Goldman Sachs, Lehman Brothers, Paloma Partners and C3 Capital.
RBC GAM has more than 175 employees throughout the United States, including offices in Boston, Minneapolis, New York and Chicago, as well as an RBC GAM affiliate in Stamford, Connecticut.
About RBC Global Asset Management (RBC GAM)
RBC Global Asset Management (RBC GAM) is the asset management division of Royal Bank of Canada (RBC) and includes BlueBay Asset Management and Phillips, Hager & North Investment Management. RBC GAM is a provider of global investment management services and solutions to institutional, high-net-worth and individual investors through separate accounts, pooled funds, mutual funds, hedge funds, exchange-traded funds and specialty investment strategies. The RBC GAM group of companies manage more than $330 billion USD in assets and have approximately 1,400 employees located across Canada, the United States, Europe and Asia.