RBC bows out of institutional investment

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CANADA - Royal Bank of Canada (RBC) has finalised its exit from the institutional investment management business with the sale of its real estate manager, RT Realty Advisors (RTRA), to the private real estate company, Osmington Group.

Although no further details of the transaction were released, Osmington has confirmed that it intends to rename the business as Redcliff Realty Advisors. Redcliff will operate as an independent sub...

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