Business · Companies · 1 hr ago
RBC agrees to buy Australian investment manager Yarra Capital
Royal Bank of Canada has agreed to buy Yarra Capital Management, an Australian investment manager.
Yarra has about 75 employees and offices in Melbourne and Sydney.
The firm managed about A$18 billion in assets as of September 30.
Yarra was founded in 2017, and RBC says its investment and distribution capabilities complement RBC's asset management business.
The financial terms of the deal were not disclosed.
The acquisition is expected to close in the first quarter of 2027.
The deal would expand RBC's asset management business in Australia.
Royal Bank of Canada has signed a deal to buy Australian investment manager Yarra Capital Management.
RBC Global Asset Management says Yarra’s investment and distribution capabilities complement its business.
Yarra had about A$18-billion in assets under management as of Sept. 30.
The deal is expected to close in the first quarter of 2027.
Financial terms were not immediately available.
- Who
- Royal Bank of Canada and Yarra Capital Management.
- What
- RBC signed a deal to buy the Australian investment manager.
- When
- The deal was reported on Nov. 9, 2026. It is expected to close in the first quarter of 2027.
- Where
- Yarra has offices in Melbourne and Sydney, Australia.
- Why
- RBC said Yarra’s investment and distribution capabilities complement its asset management business.
This story does not have two clearly opposing sides.
RBC’s deal to buy Yarra Capital Management was reported.
The deal is expected to close.
- Buyer
- Royal Bank of Canada
- Target
- Yarra Capital Management Ltd.
- Offices
- Melbourne and Sydney
- Assets under management
- About A$18-billion as of Sept. 30
- Expected closing
- First quarter of 2027