PH&N Canadian Institutional president leaves for Mawer
Bruce Geddes departs to become Mawer's CEO.
Investment Management
RBC Global Asset Management's Canadian institutional business, built on the Vancouver firm PH&N founded in 1964.
PH&N Institutional is the Canadian institutional division of RBC Global Asset Management Inc., a wholly owned subsidiary of Royal Bank of Canada. It grew out of Phillips, Hager & North, founded in Vancouver in 1964 and acquired by RBC in 2008. Its institutional portfolio managers serve pension plans, universities and endowments, Indigenous communities, governments, not-for-profits, family enterprises and insurers from offices in Vancouver, Toronto, Montreal, Thunder Bay and Winnipeg, drawing on RBC GAM's specialist investment teams (C$848.3B+ AUM worldwide). Its offering spans liability-driven investing, Delegated Portfolio Solutions, custom multi-asset and alternatives, plus PH&N Indigenous Investment Services.
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LDI practice dating to the early 1990s, supported by risk systems and globally sourced credit and smart-beta strategies.
Its most comprehensive offering for Canadian institutions: integrated portfolio management and oversight.
Analytics group that helps design custom pooled-fund portfolios with clients and their consultants.
Custom balanced solutions and a growing range of global and domestic alternative strategies across public and private markets.
Has served Indigenous communities and organizations across Canada since the mid-1990s; includes offices on Fort William First Nation and Swan Lake First Nation land.
| Vancouver | BC | office |
| Toronto | ON | office |
| Montreal | QC | office |
| Thunder Bay | ON | regional |
| Headingley (Winnipeg) | MB | regional |
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3 reasons for PH&N Institutional (RBC GAM)
The firm’s investment philosophy is published and almost no candidate reads it. Quoting a manager’s own stated criteria back to them, with one company you applied it to, beats any structural reason here. Say which part you agree with and, if you can defend it, one part you would push on.
Fixed income heritage is genuine and deep, which makes this one of the best places in Canada to learn credit from the buy side.
Vancouver roots inside the largest Canadian asset manager.
Institutional client base means the conversations are about portfolio construction, not product.
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Chief Executive Officer, RBC Global Asset Management Inc.
RBC GAM Leadership Committee
CEO of RBC GAM and president of its institutional client business globally. Joined PH&N Institutional in 2005 as a fixed income institutional portfolio manager and later led the global institutional business and served as President of PH&N Institutional; earlier ran investment consulting practices at a large multinational consulting firm. FSA, FCIA, CFA.
Managing Director and Head of PH&N Institutional (Head of RBC GAM's Canadian Institutional business; President of PH&N Institutional)
PH&N Institutional
Leads Canadian institutional strategy, client and sales efforts, chairs the Canadian Institutional Management Committee and sits on RBC GAM's Leadership Committee. Joined in 2011 and previously led development of the firm's alternatives platform as an institutional portfolio manager; earlier held roles at a European investment manager, a London hedge fund and a global private bank in Canada.
Managing Director & Global Chief Investment Officer, RBC Global Asset Management Inc.
RBC GAM Leadership Committee
Sets overall investment policy across RBC GAM's 400+ investment professionals and 270+ strategies; previously global head of equities. Joined RBC GAM in 2002 from the RBC Investments Portfolio Advisory Group at RBC Dominion Securities.
Professional information only, drawn from official biographies and published reporting. BSO never lists private contact details.
Jul 2, 2025
Bruce GeddesDeparture
Chief Executive Officer
RBC Global Asset Management (PH&N Institutional) → Mawer Investment Management
After 16 years at RBC GAM, Bruce Geddes left as President of PH&N Canadian Institutional to become CEO of Mawer (announced June 10, 2025). Erick Zanker is now listed as Head and President of PH&N Institutional; the date he took over is not stated.
Bruce Geddes departs to become Mawer's CEO.
Recognition from Crisil Coalition Greenwich, after 11 straight years as a Greenwich Quality Leader in client service.
PH&N becomes part of RBC Global Asset Management.
Art Phillips, Bob Hager and Rudy North (soon joined by Dick Bradshaw) start an active manager with modest asset-based fees.
No sourced transactions for this firm. BSO publishes a fact only once it can attribute it to a named source, so these stay off the page rather than being filled in from inference. If you know something published that belongs here, it is the fastest way to get it added.
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Royal Bank of Canada (CNW) · May 28, 2026 · newswire.ca
Mawer Investment Management · Jun 10, 2025 · az-prd-mawer-com-cms-bda9ehd8a2fqgdgn.a02.azurefd.net
RBC Global Asset Management (PH&N Institutional) · Date unavailable · institutional.rbcgam.com
RBC Global Asset Management (PH&N Institutional) · Date unavailable · institutional.rbcgam.com
RBC Global Asset Management (PH&N Institutional) · Date unavailable · institutional.rbcgam.com
RBC Global Asset Management (PH&N Institutional) · Date unavailable · institutional.rbcgam.com
RBC Global Asset Management (PH&N Institutional) · Date unavailable · institutional.rbcgam.com
RBC Global Asset Management (PH&N Institutional) · Date unavailable · institutional.rbcgam.com
RBC Global Asset Management (PH&N Institutional) · Date unavailable · institutional.rbcgam.com
RBC Global Asset Management (PH&N Institutional) · Date unavailable · institutional.rbcgam.com
Bay Street Oracle · Oct 8, 2026 · intelligence.baystreetoracle.ca
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