Mergers & Acquisitions / Joint Ventures

RBC completes acquisition of BlueBay Asset Management

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Royal Bank of Canada has announced it has completed the acquisition of BlueBay Asset Management, the London-based specialist credit and fixed-income investment manager led by Hugh Willis and Mark Poole.

The addition of BlueBay brings over 200 employees and approximately $40 billion in assets under management to RBC's global asset management business. RBC announced in October it was buying BlueBay for £963 million.

“As a top 10 global wealth management firm, we are excited to expand our asset management capabilities in Europe and Asia, and BlueBay's strengths are an ideal fit with our own as we continue to grow,”