Ronald A. Homer
Chief Strategist, U.S. Impact Investing
RBC Global Asset Management (U.S.) Inc.



MBA (1971), University of Rochester; BA (1968), University of Notre Dame, U.S.

Ron is chief strategist (U.S. Impact Investing) within the BlueBay Fixed Income team. His background and extensive experience in community investing enables him to identify a broad range of solutions for clients. He is often sought to consult with leading government officials on a variety of community impact issues. He was the co-founder and chief executive officer of the investment adviser specializing in community investments that was acquired by RBC GAM in 2008. Previously, he had worked for 13 years as the president and chief executive officer of a large bank in Boston. He started his career in the investment industry in 1969.

Raye C. Kanzenbach, CFA
Senior Portfolio Manager, U.S.
RBC Global Asset Management (U.S.) Inc.



CFA (1978); MBA (Finance) (1973), University of Michigan; BA (Economics) (1971), Lawrence University, U.S.

Raye is a senior portfolio manager within the BlueBay Fixed Income team. In this role, he is responsible for researching municipal bond securities. He is also a portfolio manager for several tax-exempt and community investing mandates. Raye has worked in fixed income research and portfolio management since joining the firm in 1983. Previously, he had worked at a Minnesota-based regional bank holding company, where he managed municipal bond and money market funds in addition to supervising municipal and credit research. Earlier, he worked as an investment officer at an insurance company. Raye started his career in the investment industry in 1973.

Raye Kazenbach
Brian Svendahl

Brian Svendahl, CFA
Senior Portfolio Manager, U.S. Fixed Income



CFA (2006); FRM (2002); MBA (1995), BBA (Finance) (1993), BSc (Economics) (1993), University of Minnesota, U.S.

Brian is a senior portfolio manager within the BlueBay Fixed income team. He has been the lead portfolio manager for RBC GAM’s impact investing strategies since 2006 along with many government and mortgage strategies. Brian joined RBC GAM in 2005 and has co-led the Minneapolis-based fixed income group since 2012. He had previously held several risk management, research, and trading positions with a large American multinational financial services company and first started in the investment industry in 1992.

Eric Hathaway, CFA
Senior Portfolio Manager, U.S. Fixed Income
RBC Global Asset Management (U.S.) Inc.



CFA (2010); MBA (2005), University of Minnesota; BA (Business Administration) (2001), University of South Dakota, U.S.
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Eric is a senior portfolio manager within the BlueBay Fixed Income team. He plays a key role in managing impact investing strategies. In this role, he oversees the asset-backed securities effort and supports mortgage-backed mandates. Eric joined RBC GAM in 2006 as an analyst researching all areas of the rates market. Prior to joining the organization, Eric had held various positions in treasury and risk management at a large U.S. investment management company. He started his career in the investment industry in 2001.

Mindy Frye

Mindy Frye
Institutional Portfolio Manager
RBC Global Asset Management (U.S.) Inc.



MBA (2007), Carlson School of Management - University of Minnesota; BA (Economics) (2002), Macalester College, U.S.

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Mindy is an institutional portfolio manager within our fixed income group’s client service team. She serves as the day-to-day point of contact for our institutional impact investing clients while working closely with the fixed income investment team to pursue each client’s impact goals. She also serves as a product specialist for our impact investing strategies and supports the efforts of our Chief Strategist of Impact Investing. Before joining RBC GAM in 2017, Mindy was a senior manager at a global, U.S.-based asset management firm where she led a team responsible for performance and asset reporting; she also worked as senior investment analyst at a private investment firm and as a manager of client service for a registered investment advisory. Mindy started in the financial industry in 2002. She holds FINRA Series 7 and 63 licenses.

Valinie Dayaljee

Valinie A. Dayaljee
Analyst, U.S. Fixed Income
RBC Global Asset Management (U.S.) Inc.



BS (Finance and Accounting) (2014), Concordia University, U.S.

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Valinie is a trader on the BlueBay Fixed Income team focusing primarily on municipal bonds but also other government and money market instruments. Before joining her current team, Valinie was an investment policy and data analyst in the firm’s Investment Policy group. Prior to joining RBC GAM in 2015, she had worked on the funding desk of a Minneapolis-based bank holding company as an operations funding associate. Valinie started her career in the investment industry in 2014.

Karen Ly
Analyst, U.S. Fixed Income
RBC Global Asset Management (U.S.) Inc.



Credential of Readiness (2016), Harvard Business School; BA (Biology, Society and Environment) (2016), University of Minnesota Twin Cities, U.S.

Karen is an analyst within the BlueBay Fixed Income team, serving a dual role of both data analyst and money market trader. She provides insight into markets, portfolios, and impact investment using data science to analyze and interpret large data sets. She started her career in the investment industry with RBC GAM in 2017.

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Ao Vang
Client Service Analyst, Impact Investing



MS (2011), Kaplan University; BS (Chemical Engineering) (2008), Iowa State University, U.S.

Ao Vang is a client service analyst within our fixed income group’s client service team. She works with our institutional impact investing clients while collaborating closely with the fixed income investment team to pursue each client’s impact goals. She joined our impact investing team in 2021. She originally worked at RBC GAM from 2015 to 2020 as a relationship manager supporting our efforts to grow our public entities business. She has also worked as a relationship manager and in fund valuation for other investment firms. She joined the financial industry in 2011.