RBC agrees to acquire Yarra Capital Management

• Royal Bank of Canada agreed to acquire full ownership of Australian asset manager Yarra Capital Management.
• Yarra managed approximately A$18 billion as of September 30, 2026, specializing in Australian fixed income, equities and alternative investments.
• The acquisition will expand RBC Global Asset Management's capabilities and support growth in Australia and the Asia-Pacific region.
• Completion is expected in the first quarter of 2027, subject to closing conditions.
• The transaction is not expected to significantly affect the bank's common equity Tier 1 ratio or future run-rate earnings.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. RBC - Royal Bank of Canada published the original content used to generate this news brief via PR Newswire (Ref. ID: TO91812) on November 09, 2026, and is solely responsible for the information contained therein.