RBC Global Asset Management (RBC GAM) has appointed Damon Williams and Alex Khein as co-CEOs effective May 1, 2015.
Also effective May 1, 2015, John Montalbano, CEO of RBC GAM, will assume a new role as vice-chairman of RBC Wealth Management.
“John’s decision to initiate this leadership succession reflects the strength of RBC GAM and the talented global management team he has built,” says George Lewis, group head with RBC Wealth Management and RBC Insurance. “Damon and Alex are accomplished leaders with extensive experience, and this transition will be seamless for our employees and our clients.”
Williams joined Phillips, Hager & North Investment Management (PH&N IM) in 2005; the company was acquired by RBC in 2008. He has served since 2009 as head of RBC GAM’s institutional business globally and president of PH&N IM.
And Khein joined BlueBay Asset Management in 2004 and was appointed chief operating officer in 2005. BlueBay was acquired by RBC in 2010. He will remain as partner and CEO of BlueBay, a position he has held since Jan. 1, 2014.
As vice-chairman of RBC Wealth Management, Montalbano will support business development and special projects for RBC Wealth Management and other RBC businesses, as well as provide advice and counsel to the co-CEOs of RBC GAM and to Lewis, especially with respect to merger and acquisition opportunities for RBC GAM.
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