RBC acquires BlueBay Asset Management

Blue_bay_RBC_410Royal Bank of Canada is to acquire BlueBay Asset Management for around £965m (€1.1bn), subject to regulatory approval. BlueBay is one of Europe’s largest independent managers of fixed income debt funds and products, with US$40bn (€28.8bn) in assets under management, as at September 30, 2010, on behalf of institutional and high net worth investors in the UK, Europe, the U.S., the Middle East, Asia and Australasia.
Following the acquisition, BlueBay will retain its investment autonomy and related operational independence following the acquisition. Based in London, BlueBay manages a combination of long-only and alternative investment strategies across the sub-asset classes of fixed income credit – primarily focused on European and emerging markets strategies – including: investment grade corporate debt, high yield corporate debt, emerging market debt, convertible bonds, distressed debt, and multi-strategy debt capabilities.
George Lewis, group head, RBC Wealth Management, said: “This acquisition will further RBC’s strategy to leverage our position as a global wealth manager, and continue to expand our asset management solutions for the benefit of our clients around the world.”
In September, RBC Wealth Management had announced it will be moving from three geographic wealth management businesses to four (Canada, United States, UK and emerging markets), aiming to replicate the success achieved in the ultra high net worth segment in Canada across international markets.

©2010 funds europe

Executive Interviews

INTERVIEW: Put your money where your mouth is

Jun 10, 2016

At Kempen Capital Management, they believe portfolio managers should invest in their own funds. David Stevenson talks to Lars Dijkstra, CIO of the €42 billion manager.

EXECUTIVE INTERVIEW: ‘Volatility is the name of the game’

May 13, 2016

Axa Investment Managers chief executive officer, Andrea Rossi, talks to David Stevenson about bringing all his firm’s subsidiaries under one name and the opportunities that a difficult market...


ROUNDTABLE: Beyond the hype

Oct 13, 2016

The use of smart beta investing continues to grow. Our panel, made up of both providers and users, discusses what the strategy actually means, how it should be used and the kind of pitfalls that may arise when using this innovative investment technique.

MIFID II ROUNDTABLE: Following the direction of travel

Sep 07, 2016

Fund management firms Aberdeen and HSBC Global meet with specialist providers to speak about how the industry is evolving towards MiFID II.