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Our conduct

As part of our values, BlueBay believes in respect and collaboration, which extends to how we conduct ourselves both internally and externally.

We demonstrate accountability for our actions through transparency, operating with strong governance and ensuring we operate under an ethical framework, with all our stakeholders.

Under our Corporate Responsibility framework, we have committed to formally reporting quarterly and annually on our progress against key performance indicators concerning our objectives.

Client relations

Our clients lie at the heart of our business and making lives easier for our clients extends across all aspects of our business.

From a dedicated client perspective, BlueBay's Client Relationship Management team is made up of experienced Client Directors, each with regional expertise. Every client is allocated a dedicated Client Director who works towards forming a trusted partnership with them, alongside handling day-to-day enquiries, organising and attending client review meetings with the portfolio managers, providing regular portfolio reporting and thought leadership, as well as advising of any important developments at BlueBay and within the market.

In addition, BlueBay has a team of Institutional Portfolio Managers (IPMs) who are strategy-dedicated client-facing specialists, whose role includes providing insightful client portfolio report content, conducting client review meetings and participating in portfolio enhancement or product development initiatives.

Surveys are an important tool for engaging with our clients and identifying ways that we can enhance our client offering. As well as taking part in a number of externally co-ordinated surveys, we commission our own bespoke survey, which gives us detailed knowledge of how clients view our investment, relationship management and operational capabilities.

Regulatory compliance and responsible business conduct

BlueBay’s Compliance Manual addresses regulatory requirements as well as arrangements designed to promote regulatory compliance. The Manual is updated and redistributed to all employees annually. BlueBay employees are required to acknowledge receipt and understanding of the Manual’s contents as well as commit to complying with its guidelines. In addition to BlueBay’s Compliance Manual, BlueBay employees are further required to acknowledge receipt and understanding of RBC’s code of conduct.

BlueBay Compliance Manual includes BlueBay’s internal code of conduct. BlueBay’s code of ethics is also included in the Compliance Manual.

Ownership and corporate governance

Royal Bank of Canada

BlueBay is a wholly-owned subsidiary of Royal Bank of Canada (“RBC”), one of the largest banks in the world based on market capitalisation and one of North America’s leading diversified financial services companies. RBC carries out its activities in five business segments; Personal and Commercial Banking; Wealth Management; Insurance; Investor and Treasury Services; and Capital Markets. BlueBay forms part of RBC Global Asset Management, a Group included in RBC’s Wealth Management business segment.

As a member of the RBC Group, BlueBay is subject to additional oversight on Corporate Governance matters via RBC’s Subsidiary Governance Office.

Partnership

BlueBay is an English limited liability partnership, domiciled in the United Kingdom and regulated and authorised by the Financial Conduct Authority. BlueBay is also registered with the US Securities and Exchange Commission and the Commodity Futures Trading Commission. The investment management business of BlueBay was transferred from BlueBay Asset Management (Services) Ltd (“BBAM Services”) to BlueBay LLP’s (“the LLP”) corporate structure on 2 April 2012 and all regulatory permissions and passports held by BBAM Services were transferred to the LLP at that time. The Partnership represents the senior body of key managers and decision makers of the LLP.

The Board

The Board is responsible for reviewing the adequacy and effectiveness of the internal controls; the risk management processes and the legal, regulatory and compliance functions. It meets on a quarterly basis; agrees BlueBay Group's strategic direction; and approves the Group Annual Budget and multi-year Financial Plan. Regular financial information is provided to the Board in addition to the Board Packs, in the form of a monthly Management Accounting Pack.

The Board has established two Group Committees to oversee certain aspects of BlueBay’s business activities; the Remuneration Committee and the Management Committee.

Independent Board Members


Jim Pettigrew
Jim Pettigrew
Chair
 
Maria Bently
Maria Bently

RBC Representitives


Damon Williams
Damon Williams
Chief Executive Officer
RBC Global Asset Management
 
Dan Chornous
Dan Chornous
Chief Investment Officer
RBC Global Asset Management
 

 

Doug Guzman
Doug Guzman
Group Head
RBC Wealth Management & RBC Insurance
 
Sandra Aversa No Picture Available
Sandra Aversa
Vice President Finance
Wealth Management

BlueBay Representitives


Erich Gerth
Erich Gerth
Partner, Chief Executive Officer
 
Luc Leclercq
Luc Leclercq
Partner, Chief Operating Officer & Chief Risk Officer
 

 

Mark Dowding
Mark Downding
Partner, Chief Investment Officer
 
 
 
 
 
Erich Gerth
Erich Gerth
Partner, Chief Executive Officer
Member of the BlueBay Asset Management LLP Board
Member of the RBC GAM Executive Committee
 
Mark Dowding
Mark Dowding
Partner, Chief Investment Officer
Member of the BlueBay Asset Management LLP Board
 

 

Luc Leclercq
Luc Leclercq
Partner, Chief Operating Officer & Chief Risk Officer
Member of the BlueBay Asset Management LLP Board
 
James Brace
James Brace
Partner, General Counsel and Partnership Secretary
 

 

Cenk Turkinan
Cenk Turkinan
Partner, Global Head of Sales
 
Craig Tennier
Craig Tennier
Partner, Chief Financial Officer
 
 
 
 

Policies and disclosures

Remuneration policy

Regulatory disclosures

    

Standards Board for Alternative Investments

BlueBay Asset Management LLP (‘BBAM’) is a signatory to the standards set out by the Standards Board for Alternative Investments (SBAI). To conform to the Standards, BBAM is required to make a disclosure statement available to investors, which sets out those Standards with which BBAM does not fully comply, and an explanatory statement detailing why it does not comply. This document is the statement which fulfils both requirements. Download full document: SBAI Disclosure Statement 2019

Investment ESG

BlueBay incorporates ESG factors into its investment activities. We believe ESG factors can potentially have a material impact on an issuer’s long-term financial performance. Click here to find out more about our approach to ESG.