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RBC Global Asset Management names managing director

Royal Bank ofCanada unit RBC Global Asset Management said May 2 that itappointed Patrick Drennan as managing director and sales representative ofliquidity management.

Prior to his new role, Drennan worked as vice president atBank of New York Mellon Corp.,where he was responsible for the bank's money market portal and corporate trustproducts.

Drennan will be based in RBC Global Asset Management'sChicago office.