BlueBay has been closely monitoring the COVID-19 (Coronavirus) outbreak and putting measures in place to ensure the wellness of our staff and visitors and the continuity of our business operations.
BlueBay is guided by RBC’s Enterprise Business Continuity Team along with RBC’s Chief Medical Officer. In addition, BlueBay ensures World Health Organization and Local Authorities guidance are incorporated into all actions/responses.
Further to COVID-19 being confirmed as a global pandemic, BlueBay has now advised all staff to work from home until the pandemic risks reduce. As such, in the interests of the wellbeing of our staff, we have moved to close our global offices.
Over the last two years, BlueBay has invested in moving all systems to cloud based, meaning we are able to operate remotely relatively seamlessly. This means staff are able to continue to effectively communicate with each other and clients through Bloomberg, Microsoft Teams, conference calls, webex and telephone calls. We have not experienced and do not anticipate any disruption or deterioration to our ability to effectively continue to manage our clients’ investments. We have robust plans and systems in place to support this pattern of working for as long as is required. All trading is taking place electronically in order to ensure best practise with respect to compliance policies.
As part of our diligence process with suppliers and third parties, we are also communicating with them to ensure they have suitable plans in place to be able to continue to support BlueBay’s business.
As with all our plans and processes, we continue to monitor our systems and our staff’s ability to continue to work effectively and without interruption. The management team are meeting daily to assess and update each other on any developments and ensure BlueBay remains in line with the latest guidance.