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Corporate Governance

Corporate Governance

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. The investment management business of BlueBay was transferred from BlueBay Asset Management (Services) Ltd (“BBAM Services”) to BlueBay’s LLP (“the LLP”) corporate structure on 2 April 2012 and all regulatory permissions and passports held by BBAM Services were transferred to the LLP at this time. This was a positive development for BlueBay and its clients. Key senior employees, including the Senior Portfolio Managers, were made Partners of the LLP, bringing an enhanced sense of ownership and commitment to the future. In total, there are 33 Partners in the BlueBay Group, 5 of whom are designated ‘Overseas Partners’ as they reside outside the UK. 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’s Group 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 three Group Committees to oversee certain aspects of BlueBay’s business activities; the Remuneration Committee, the Management Committee and the Nomination Committee.

Remuneration Policy

Regulatory Disclosures

Environmental, Social and Governance

To find out more about our approach to Environmental, Social and Governance (“ESG”) with regards to the investment process please refer to the ESG section of the site.

For information about BlueBay’s approach to its day-to-day activities with regards to staff, the marketplace, community and the environment, please refer to our Corporate Responsibility section.

Investor Disclosure Statement and Explanatory Statement

Standards Board for Alternative InvestmentsBlueBay 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 2018