RBC Global Asset Management Expands U.S. Team with New Intermediary Directors

RBC Global Asset Management Expands Its U.S. Sales Force

In a strategic move to enhance its presence in the U.S. financial markets, RBC Global Asset Management (U.S.) Inc., also known as RBC GAM-U.S., has recently appointed two significant additions to its team of U.S. Intermediary Directors. This expansion reflects the company's commitment to strengthening relationships with independent broker-dealers across the nation.

New Appointments

The newly appointed directors are Teddy Yannakouras and Joe Dinaso, who bring a wealth of experience and expertise to their respective roles.

Teddy Yannakouras: Driving the Broker/Dealer Channel

Teddy Yannakouras has been appointed as the Managing Director and Head of the Broker/Dealer Channel. In this new position, he will oversee the creation and leadership of a dedicated sales team focused on engaging with independent and regional broker-dealer firms. Prior to this role, Teddy was the Managing Director for the Advisor Channel Sales in Central Canada at RBC Global Asset Management. Over his successful tenure, he led a team of up to 16 sales professionals, focusing on promoting mutual funds, exchange-traded funds (ETFs), and hedge fund solutions. His track record includes significant contributions to enhancing sales performance and market share in the advisor channel.

Joe Dinaso: Focused on the Northeast Region

Joining Teddy in this initiative is Joe Dinaso, who takes on the role of Director of U.S. Intermediary Sales for the Northeast region. Joe comes to RBC GAM-U.S. with over a decade of experience in financial services, having previously served as an Institutional Investment Consultant at Nationwide Financial. In his new capacity, Joe will work closely with independent broker-dealers, spearheading efforts to boost sales and deepen connections within his region.

Strategic Vision

Dave Eikenberg, Head of U.S. Intermediary Sales at RBC Global Asset Management, expressed enthusiasm about welcoming Yannakouras and Dinaso to the team. He stated, "We're excited to add Teddy Yannakouras and Joe Dinaso to our growing U.S. Intermediary Sales team. While RBC GAM's U.S. Intermediary Sales team has historically focused on selling to the independent RIA channel, these new hires will primarily focus on expanding RBC GAM's U.S. sales efforts to advisors within the broker-dealer community."

This initiative comes at a crucial time when the financial landscape is becoming increasingly competitive, and the need to reach a broader range of clients is essential. With the aim of enhancing service delivery to clients and meeting the growing demands of the market, RBC GAM's new sales strategy is set to strengthen their foothold in the U.S. intermediary landscape.

About RBC

Royal Bank of Canada, the parent company of RBC GAM, is recognized as one of the leading global financial institutions. With a purpose-driven ethos, the bank employs over 101,000 individuals, all contributing to a range of services that help clients thrive within their respective markets. The organization prides itself on offering a diverse portfolio of financial solutions and maintains a significant presence in Canada, the U.S., and 27 additional countries.

Commitment to the Community

RBC has also taken steps to become an active player in community development through sponsorships, donations, and volunteerism. This community focus complements its financial services, reflecting a commitment to not just shareholders, but also to society at large.

Conclusion

As RBC Global Asset Management continues to evolve and adapt in an ever-changing financial world, the appointments of Teddy Yannakouras and Joe Dinaso are poised to be pivotal in steering the company towards expanded growth and success within the U.S. market. Their backgrounds and experiences will undoubtedly play a crucial role in reshaping RBC GAM's interactions with broker-dealers and enhancing their sales strategies.