Four years in, a distribution leader is taking over a $13-billion mutual fund family as a 16-year company veteran exits.
| David John "Dave" Eikenberg|
RBC Global Asset Management
Head of U.S. Intermediary Sales, Incoming President of RBC Funds
will become president of RBC Funds for RBC Global Asset Management-U.S. (RBC GAM-U.S.
]), a spokesperson for the asset manager confirms. The spokesperson adds that Eikenberg succeeds outgoing RBC Funds president Kathleen Gorman
, who is leaving RBC GAM. (Gorman also serves on RBC GAM-U.S.'s executive, management, and product committees, and as an RBC Funds trustee.)
Eikenberg will also continue to serve as head of U.S. intermediary and subadvisory sales for RBC GAM-U.S., and he will continue to report to Mike Lee
, head of North American institutional at RBC GAM. RBC Funds now has about $13.4 billion in AUM, including $5.1 billion across 18 long-term mutual funds (including U.S. equity funds, global and international equity funds, and fixed income funds). A spokesperson for RBC GAM notes that RBC Funds' long-term fund AUM is up from $2.1 billion when Eikenberg joined
four years ago.
Before moving to RBC GAM in 2018, Eikenberg
led DC I-O and VA subadvisory channels at T. Rowe Price. Earlier, he spent more than 17 years at Legg Mason. He is an alumnus of the Johns Hopkins University.
joined RBC GAM-U.S. in 2006, serving as chief compliance officer before rising to RBC Funds president. Earlier, she held compliance roles at RiverSource and U.S. Bancorp. She is an alumna of Michigan State University.
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