(May 19 – 11:30 ET) – Royal Mutual has consolidated its strategic, operational and investment groups under a single unit. The new unit, which will continue to be called Royal Mutual Funds, will absorb the investment management operations of Royal Bank Investment Management.

“I am looking forward to the opportunity of leading this business – the strength of our people, our products and our services has resulted in Royal Bank Financial Group having one of the largest mutual fund businesses in Canada,” said George Lewis, newly appointed president and CEO of Royal Mutual Funds.

Mark Arthur will continue as president and chief investment officer of Royal Bank Investment Management, and will lead the investment management function within Royal Mutual Funds. Arthur continues as chairman of the Royal investment strategy committee.
-IE Staff