RBC to acquire Australian asset manager Yarra Capital, boosting its Asia-Pacific growth.

Royal Bank of Canada (RBC) announced it will acquire Yarra Capital Management, an Australian asset manager with A$18 billion in assets, to expand its presence in Australia and the Asia-Pacific region. The acquisition aligns with RBC's strategy to diversify and grow globally beyond North America. Yarra, known for its expertise in Australian fixed income and equities, will complement RBC's investment capabilities. The deal is expected to close in early 2027, pending regulatory approval, and will strengthen RBC's position as a leading global asset manager without significantly impacting its capital ratios or earnings.

Royal Bank of Canada shares are trading at USD 204.14 on Pluang as of Nov 09, 2026 20:13 WIB, showing a 1.48% gain for the day. The bank's market capitalization stands at $280.63 billion, reflecting its significant size in the financial sector. RBC offers a dividend yield of 2.5%, providing income potential alongside its growth strategy.