BlueBay Asset Management expands into Switzerland

SwitzerlandBlueBay Asset Management has opened an office in Switzerland with the aim to leverage and expand client and strategic relationships.

A specialist in fixed income, credit and alternative investments, BlueBay Asset Management says it aims to come to Switzerland as a "next-generation" fixed income manager.

Roberto Valsecchi Oliva, partner and head of sales for Southern Europe, will head the office in Zurich while David Keel, director and responsible for sales in Switzerland, will lead the local business development efforts.

"Switzerland is an increasingly important strategic and client hub for BlueBay," says Erich Gerth, partner and global head of business development.

"Zurich's reputation as one of the preeminent financial centres in Europe makes it imperative for us to build our capability and visibility in the country."

The London-based asset manager is wholly owned by Royal Bank of Canada and part of the RBC asset management division. It manages more than $66.6 billion (€53.4 billion) for institutions and high-net-worth individuals.

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