Aug. 21 (Bloomberg) -- Royal Bank of Canada, the country’s largest lender, named Mayur Nallamala head of Asian equities for its asset-management unit.
Nallamala, who previously worked for JPMorgan Chase & Co., will oversee $1.5 billion of stocks and lead a team of Hong- Kong-based portfolio managers and analysts, RBC said today in an e-mailed statement. He will work with Adam Matthews, a former JPMorgan colleague who runs business and development for the unit in the Asia-Pacific region, according to the statement.
“Mayur brings a rigorous investment philosophy that is consistent with our own approach, a solid track record in the region and a strong background in serving clients,” Dan Chornous, chief investment officer of Toronto-based RBC Global Asset Management, said in the statement.
Nallamala, a graduate of the London School of Economics, spent eight years at JPMorgan Asset Management in Hong Kong, where he managed $4 billion for Asian sovereign-wealth, institutional and retail customers, according to the statement. He’s succeeding Yoji Takeda, who plans to retire in coming months, said Matthew Gierasimczuk, an RBC spokesman.
--Editors: Steven Crabill, Peter Eichenbaum