News Release

BlueBay Asset Management Appoints Global Head of Business Development

23 October 2012 (London) – BlueBay Asset Management LLP (“BlueBay”), a leading specialist manager of fixed income and alternative investments, is pleased to announce the appointment of Erich Gerth as Global Head of Business Development with effect from 1 December 2012.  Based in London, Erich will lead BlueBay’s global sales and marketing activities, will join as a Partner of the firm and will become the fifth member of BlueBay’s Management Committee.

Erich joins BlueBay from Aviva Investors, where he was Chief Executive of APAC and Global Business Development and a member of the firm’s Executive Committee.  Prior to working at Aviva Investors, Erich spent six years at Janus Capital, where he was Chief Executive of Janus Capital International.   Erich has over 25 years of sales and management experience in both long only and alternative asset classes and across Asian, U.S., and European markets, giving him a strong understanding of the dynamics of global distribution.

Hugh Willis, BlueBay’s CEO said: “BlueBay has been fortunate enough to enjoy a remarkable first decade of growth since its founding in 2001, with assets under management growing to in excess of $46 billion as of the end of September 2012. Erich’s arrival will ensure that the firm embarks upon its second decade of growth with its distribution capabilities ready to play the same, crucial role as they did in its first.”

About BlueBay Asset Management

BlueBay Asset Management was founded in 2001 and is one of Europe’s largest managers of fixed income credit and alternative products.  Based in London, with offices in the US, Luxembourg, Hong Kong and Japan, the firm manages over US$46 billion (as at 30 September 2012) for institutions and high-net-worth individuals.  BlueBay provides a combination of long-only and alternative debt strategies covering investment grade, high yield, convertibles and emerging markets.  BlueBay Asset Management LLP is wholly-owned by Royal Bank of Canada and part of the RBC asset management division, RBC Global Asset Management group of companies.

BlueBay Asset Management LLP is authorised and regulated by the Financial Services Authority.  The term ‘partner’ refers to a member of BlueBay Asset Management LLP or an employee of an affiliate of equivalent standing.

About RBC Global Asset Management

RBC Global Asset Management (RBC GAM) is the asset management division of Royal Bank of Canada (RBC), and includes institutional money managers BlueBay Asset Management, Phillips, Hager & North Investment Management and RBC Global Asset Management (U.S.). RBC GAM is a provider of global investment management services and solutions to individual, high-net-worth and institutional investors through exchange-traded funds, hedge funds, mutual funds, pooled funds, separate accounts and specialty investment strategies. RBC GAM group of companies manage more than US$260 billion in assets and have approximately 1,000 employees located across Canada, the United States, Europe and Asia.

MEDIA ENQUIRIES

Laura Hudson
FTI Consulting
020 7269 7137
bluebay@fticonsulting.com
Leah Commisso
Corporate Communications
RBC Global Asset Management
Canada and U.S.
416-955-6498
leah.commisso@rbc.com
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