Amova Asset Management to sell Yarra Capital stake to RBC
RY•Amova Asset Management will sell its minority stake in Yarra Capital Management as Royal Bank of Canada acquires the Australian asset manager.
1. Stake sale
Amova Asset Management will sell its minority stake in Yarra Capital Management, ending an investment it has held since integrating its Australian business in April 2021. Australia remains strategically important to the firm, which said it will explore distribution partnerships and strategic investments in Australian asset managers.
