TORONTO, June 30 /CNW/ - RBC Asset Management Inc. announced today that effective July 1, 2009, Westwood Management Corp. (Westwood) has been appointed as sub-advisor for the RBC Private U.S. Value Equity Pool.

Westwood was founded in 1983 with a focus on serving primarily institutional clients. The firm manages over US$7 billion in assets with a value oriented approach to investing in U.S. large cap, U.S. small and mid (SMID) cap and U.S. small cap equities.

About RBC Global Asset Management and RBC Wealth Management

RBC Global Asset Management (RBC GAM) comprises RBC Asset Management Inc. (RBC AM), Phillips, Hager & North Investment Management Ltd. (PH&N) and Voyageur Asset Management Inc. Combined, RBC GAM's component companies manage C$90 billion in IFIC-reported mutual fund assets in Canada and an additional C$100 billion in other institutional and private client assets in Canada and the United States. RBC AM won the Lipper Awards for "Best Bond Fund Family" in 2009 and "Best Overall Fund Group" in 2007 and 2008; PH&N won for "Best Bond Fund Family" in 2007 and 2008. Website: www.rbcgam.com.

RBC GAM is part of RBC Wealth Management, which directly serves affluent and high net worth clients in Canada, the United States, Latin America, Europe and Asia with a full suite of investment, trust and other wealth management solutions. The business also provides asset management products and services directly and through RBC and third-party distributors to institutional and individual clients, and has more than $480 billion of assets under administration, more than $230 billion of assets under management and nearly 4,500 financial consultants, advisors, private bankers and trust officers.