RBC agrees to acquire Yarra Capital Management
RY•Royal Bank of Canada agreed to acquire full ownership of Yarra Capital Management, which managed approximately A$18 billion as of September 30, 2026. The deal is expected to close in the first quarter of 2027 and is not expected to significantly affect RBC’s common equity Tier 1 ratio or future run-rate earnings.
1. Acquisition details
Royal Bank of Canada agreed to acquire full ownership of Australian asset manager Yarra Capital Management. Yarra managed approximately A$18 billion as of September 30, 2026, specializing in Australian fixed income, equities and alternative investments.
2. Expected impact and timing
The acquisition is expected to expand RBC Global Asset Management’s capabilities and support growth in Australia and the Asia-Pacific region. Completion is expected in the first quarter of 2027, subject to closing conditions; the transaction is not expected to significantly affect the bank’s common equity Tier 1 ratio or future run-rate earnings.
