RBC Completes Purchase of BlueBay

Royal Bank of Canada (RBC) has announced that it has completed its acquisition of BlueBay Asset Management. BlueBay, which is based in the UK, has 200 employees and about $40 billion in assets under management. RBC Global Asset Management CEO John Montalbano says this acquisition will allow RBC to offer a greater range of asset management solutions to its clients. BlueBay's product offerings include investment-grade corporate debt, high-yield corporate debt, emerging market debt, convertibles

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