JBWere Investment Management hired RBC Global Services as global...

JBWere Investment Management hired RBC Global Services as global custodian for its A$3 billion (US$1.8 billion) in assets under management, said John Harte, head of marketing for JBWere. RBC Global and Citigroup had split custodial duties; Mr. Harte declined to give further details. Citigroup was included in the search process, he said.