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Canada’s RBC buys Yarra Capital as scale wins in asset race

The Australian Financial Review (AFR) •
November 09, 2026 • 11:16 PM
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Yarra Capital, the $18 billion Melbourne-based asset manager, has been sold to RBC as consolidation on funds management gathers pace.

Canada’s RBC buys Yarra Capital as scale wins in asset race

Yarra Capital’s executive chairman Dion Hershan says scale will triumph in asset management after confirming that the $18 billion fund manager he co-founded almost a decade ago will be sold to Canadian banking giant, Royal Bank of Canada.

Yarra was spun out of Goldman Sachs Asset Management in 2017 in a private equity backed management buyout. It was sold to RBC for an undisclosed sum on Tuesday.

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