BRIEF-RBC eyeing asset management acquisitions - CEO

Thu Nov 29, 2012 9:07am EST
 
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TORONTO Nov 29 (Reuters) - Royal Bank of Canada : * Exploring potential acquisitions to enhance its asset management capabilities

- CEO * RBC does not see recent cooling in Canadian housing market as sign of

U.S.-style downturn - chief risk officer * RBC says comfortable with bank's total European exposure of C$42.8 billion * RBC CEO says bank would consider "strategic" wealth management acquisitions,

but says capital requirements make that a challenge * RBC CEO says expects bank's proportion of internationally-generated revenue

to rise * RBC CEO says bank would like to eventually generate 50 percent of revenue

from outside Canada, says 5 years is a reasonable time frame for that * RBC sees Canadian mortgage industry growth of 3-4 percent going forward