PR Newswire·Nov 9, 2026, 8:00 AM ET

Royal Bank of Canada announces agreement to acquire Yarra Capital Management

RBC Global Asset Management announced an agreement to acquire Yarra Capital Management Limited, an Australian active asset manager.
Yarra specializes in Australian fixed income, Australian equities, & alternative investment solutions, with approximately A$18 billion in assets under management as of September 30, 2026.
Founded in 2017, Yarra operates from offices in Melbourne & Sydney & employs approximately 75 staff members.
The acquisition aims to expand RBC's capabilities, diversify its market share outside North America, & strengthen its position in the Asia-Pacific region.
RBC will acquire full ownership of Yarra subject to regulatory approval, with transaction completion anticipated in the first quarter of 2027.
The transaction is not expected to significantly impact RBC's common equity Tier 1 ratio or future run rate earnings.
Yarra's Executive Chairman Dion Hershan stated the deal aligns with shared beliefs in serving clients, delivering investment excellence, & retaining top talent.
Forward-looking statements regarding the transaction timing, financial impact, & business performance are subject to risks including regulatory approval delays & market conditions.