Royal Bank Names Sanya Head of Its US Asset-Management Unit.

Royal Bank of Canada has appointed Donald Sanya as the CEO of its US asset-management business. Sanya, who joined the bank in 2014, will take over from Mike Lee, who is retiring in July. Sanya's role will involve deepening relationships with existing clients, pursuing growth in assets from financial intermediaries, and raising awareness of RBC BlueBay Asset Management. Sanya, who is originally from Nairobi, Kenya, will be the first Black CEO of Royal Bank's US asset-management business. He has a personal interest in emerging markets and aims to expand in that area. RBC has a prominent role in emerging-markets equity strategies and has recently launched a mutual fund focused on emerging markets excluding China. Sanya's appointment reflects the bank's focus on expanding its US business. [Extracted from the article]