TORONTO, Oct. 13, 2026 /CNW/ -- RBC Global Asset Management ("RBC GAM") today announced the appointment of Brandon Gill New as Global Head of Private Markets.

Based in Toronto and reporting to Stu Kedwell, Global Chief Investment Officer of RBC GAM, Ms. Gill New will be responsible for leading the firm's private market strategy, and for expanding the offerings by asset class and geography to both institutional and retail clients. Ms. Gill New started today and succeeds Michael Kitt in the role, following his transition to Vice Chair with RBC GAM late last year.

Growing alternative asset class solutions is a key priority for RBC GAM, and this appointment marks an important evolution of its private markets business, which currently comprises Canadian real estate, global infrastructure and Canadian commercial mortgages. Since formally launching its private markets solutions in 2019, RBC GAM has grown this asset class to over $15 billion in client investments and has turned it into a key contributor towards achieving the firm's target of $1.1 trillion in assets under management by 2029.

"At the centre of our business is a commitment to helping our clients build portfolios that can withstand changing markets and deliver on their long-term financial goals. Increasingly, advisors and investors are turning to alternative asset class products to help them achieve that diversification and resilience," said Mr. Kedwell. "Since 2019, RBC Global Asset Management has organically built private markets offerings across real estate and infrastructure, while expanding our commercial mortgages capabilities to meet that growing client demand, representing one of the largest growth areas for our firm."

"I'm honoured to join RBC Global Asset Management at such a pivotal moment for its private markets business," said Ms. Gill New. "Having spent my career investing across public and private asset classes, I've seen firsthand how private markets can enhance portfolio diversification and resilience, while delivering long-term value for investors. I look forward to working with the team to expand our offerings and deliver innovative solutions to both institutional and retail clients."

Ms. Gill New has over 25 years of global investment experience. Most recently, she was Managing Director and Head of External Partnerships, Public Equities at Alberta Investment Management Company, one of Canada's largest pension funds. Prior to that, she held increasingly senior roles at OPTrust, Ontario Teachers' Pension Plan Board and another Canadian bank.

"As we enter the next phase of growth at RBC Global Asset Management, we are fortunate to have Brandon leading our private markets efforts," added Mr. Kedwell. "Her deep investment expertise, global experience and strong track record position her well to deliver on our objectives as we expand our private markets investment solutions into new regions, asset classes and investors."

About RBC
Royal Bank of Canada is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance. Our success comes from the 105,000+ employees who leverage their imaginations and insights to bring our vision, values and strategy to life so we can help our clients thrive and communities prosper. As Canada's biggest bank and one of the largest in the world, based on market capitalization, we have a diversified business model with a focus on innovation and providing exceptional experiences to our more than 19 million clients in Canada, the U.S. and 27 other countries. Learn more at rbc.com.‎

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About RBC Global Asset Management
RBC Global Asset Management (RBC GAM) is the asset management division of Royal Bank of Canada (RBC). RBC GAM is a provider of global investment management services and solutions to institutional, high-net-worth and individual investors through separate accounts, pooled funds, mutual funds, hedge funds, exchange-traded funds and specialty investment strategies. RBC Funds, BlueBay Funds, PH&N Funds and RBC ETFs are offered by RBC Global Asset Management Inc. (RBC GAM Inc.) and distributed through authorized dealers in Canada. The RBC GAM group of companies, which includes RBC GAM Inc. (including PH&N Institutional), manage approximately $834 billion in assets and have approximately 1,600 employees located across Canada, the United States, Europe and Asia.

For more information, please contact:
Brandon Dorey, RBC GAM Corporate Communications, 647-262-6307

SOURCE RBC Global Asset Management Inc.