Armed with a new name, the top executive at RBC Global Asset Management U.S. is expecting double-digit growth in 2010 as it works more closely with its parent bank and other asset managers under the RBC umbrella to introduce new products.

Voyageur Asset Management Inc. of Minneapolis announced Tuesday that as of Dec. 31, 2009, it has changed its name to RBC Global Asset Management Inc. U.S. Mike Lee, RBC Global’s chief executive officer, president and chief investments officer, said the name change represents an important step in the unit’s evolution into the U.S. institutional client platform for Royal Bank of Canada Global.

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