You are currently viewing the United States website Institutional website. You can change your location here or visit other RBC GAM websites.

Welcome to the RBC Global Asset Management site for Institutional Investors

In order to proceed to the site, please accept our Terms & Conditions.

This RBC Global Asset Management (U.S.) Website is intended for institutional investors only.

For purposes of this Website, the term "Institutional" includes but is not limited to sophisticated non-retail investors such as investment companies, banks, insurance companies, investment advisers, plan sponsors, endowments, government entities, high net worth individuals and those acting on behalf of institutional investors. The Website contains information, material and content about RBC Global Asset Management (collectively, the “Information”).

The Website and the Information are provided for information purposes only and do not constitute an offer, solicitation or invitation to buy or sell a security, any other product or service, or to participate in any particular trading strategy. The Website and the Information are not directed at or intended for use by any person resident or located in any jurisdiction where (1) the distribution of such information or functionality is contrary to the laws of such jurisdiction or (2) such distribution is prohibited without obtaining the necessary licenses and such authorizations have not been obtained. Investment strategies may not be eligible for sale or available to residents of certain countries or certain categories of investors.

The Information is provided without regard to the specific investment objectives, financial situation or particular needs of any specific recipient and does not constitute investment, tax, accounting or legal advice. Recipients are strongly advised to make an independent review with an investment professional and reach their own conclusions regarding the investment merits and risks, legal, credit, tax and accounting aspects of any transactions.

Accept Decline

RBC Global Asset Management (U.S.) Retirement Announcement

MINNEAPOLIS, June 18, 2024 RBC Global Asset Management-U.S. (“RBC GAM- U.S.”) today announced that Raye Kanzenbach, Senior Portfolio Manager on the BlueBay U.S. Fixed Income team, is planning to retire from RBC Global Asset Management on December 31, 2024 after a successful 51-year career in the investment industry. Mr. Kanzenbach is a senior portfolio manager of the RBC BlueBay U.S. Intermediate Municipal Fixed Income strategy and is an Impact Bond and Access Capital’s credit expert for taxable Munis.

Mr. Kanzenbach co-founded Insight Bond Management in 1983, which was a subsidiary of Dain Bosworth (predecessor of RBC Wealth Management) that managed fixed income portfolios for individuals and small insurance companies. In 1991, Insight assumed oversight of Dain Bosworth’s money market funds (named Great Hall Funds) and Raye served as portfolio manager of those funds. He went on to be named the Chief Investment Officer of Insight during the 1990s. Raye has dedicated more than 40 years of his career to RBC (and its predecessor businesses), being a portfolio manager of municipal bonds for individuals, institutions and mutual funds.

Valinie Dayaljee has been appointed Portfolio Manager within the team and assumes the responsibility for managing the RBC BlueBay U.S. Intermediate Municipal Fixed Income strategy, effective June 1, 2024. After working alongside Raye for the past six years, she will take on the role of lead portfolio manager for this strategy upon Raye’s retirement.