PR Newswire·Nov 9, 2026, 8:00 AM ET

Royal Bank of Canada announces agreement to acquire Yarra Capital Management

Royal Bank of Canada (RBC) announced an agreement to acquire Yarra Capital Management Limited, an Australian active asset manager specializing in fixed income, equities, & alternative investments.
Yarra was founded in 2017, operates from offices in Melbourne & Sydney, manages approximately A$18 billion in assets as of September 30, 2026, & employs roughly 75 people.
The acquisition aims to expand RBC Global Asset Management's capabilities, diversify its market share outside North America, & strengthen its position in the Australia & Asia-Pacific regions.
Under the agreement, RBC will acquire full ownership of Yarra subject to closing conditions, including regulatory approval, with 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 stated that cultural alignment & shared client-focused beliefs facilitated the decision to join RBC.
RBC highlighted Yarra's strong reputation in Australian fixed income & equities as complementary to its own global investment & distribution capabilities.
The press release includes standard forward-looking statement cautions regarding risks such as regulatory approval delays, market price fluctuations, & business performance variances.