RBC Agrees to Buy Australian Manager Yarra, A$18 Billion in AUM
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TORONTO – November 10, 2026 -- Royal Bank of Canada (TSX: RY; NYSE: RY) has agreed to acquire Yarra Capital Management Limited, an Australian active manager with about A$18 billion in assets under management, with completion expected in the first quarter of 2027.
RBC to take full ownership of Yarra, subject to regulatory approval
Under the agreement, RBC will acquire full ownership of Yarra, subject to closing conditions that include regulatory approval. RBC said the transaction is not expected to have a significant impact on its common equity Tier 1 (CET1) ratio or future run rate earnings. The announcement included no purchase price.