RBC Global Asset Management (RBC GAM) has announced the appointment of John C. Donohue as managing director and head of Liquidity Management.
Donohue will be responsible for business, sales and product development opportunities related to institutional cash management strategies.
He brings 22 years of experience in building and managing successful institutional cash management businesses, and has held leadership roles in both portfolio management and distribution.
Prior to joining RBC GAM, Donohue led cash management operations for Eaton Vance, Dwight Asset Management and Lehman Brothers Asset Management-Neuberger Berman. He will be based in RBC GAM’s Boston office and will report to Mike Refojo, Head of Sales for RBC GAM in the US.
This new hire will join the existing US distribution, client service and marketing team of 53 professionals at RBC GAM.
RBC GAM has over 141 employees throughout the US including offices in Boston, Minneapolis, New York and Chicago.
“Liquidity and short duration fixed income strategies have been critical components of the RBC GAM investment platform for more than 20 years. Money market reform is causing many investors to rethink their approach to cash management and we are pleased to have John help our clients navigate through these changes,” said Matthew Appelstein, head of US Sales and Distribution, RBC GAM.
“With John’s extensive industry knowledge and our long track record in offering liquidity and short duration fixed income solutions, we are well-positioned to strengthen and expand our cash management capabilities and expertise.”
RBC Global Asset Management has over $31bn (€26.5bn) in global institutional cash management assets, including over $22bn (€18.5bn) in the US, as of September 30, 2014.