European fixed income and active management specialist BlueBay has opened an Australian office.
Ciaran McAssey relocated to Melbourne to head up the office and strengthen relationships in his home country the firm said in a press release sent to finews.asia.
McAssey who was previously based in Hong Kong, joined BlueBay in February 2012, before which he was head of institutional sales at Australian Unity, a healthcare and financial services provider in Melbourne.
He has also worked at other asset managers, including Bennelong Funds Management and Ausbil Dexia, as well as at insurance firm ING.
Local Presence
BlueBay is a wholly-owned subsidiary of Royal Bank of Canada with full investment autonomy and operational independence.
«Investors in the region have complex investment risks and liabilities. Our local presence provides the ability to continue to work closely with them to meet their fixed income requirements,» said McAssey.
«Being in a similar time zone will enable me to communicate with investors in a timely manner during their normal business hours as well as gain insight into the challenges they face,» he added.
RBC Global Asset Management, (RBC GAM) who acts as a distributor for BlueBay strategies in Asia ex-Japan, will utilise BlueBay’s presence in Australia, where McAssey will provide both BlueBay and RBC GAM strategies to clients.
