The Royal Bank of Canada’s specialist fixed income manager, BlueBay Asset Management (BlueBay), has opened a new office in Madrid, Spain to serve Iberian investors more closely.

BlueBay is particularly well-known in Europe, where it already has a direct presence in five countries.

BlueBay has been a wholly-owned subsidiary of RBC Asset Management for more than a decade and the new BlueBay office will be located within the RBC Madrid office. 

The new office will support both BlueBay’s fixed income clients, as well as the equities clients of its parent company, RBC Asset Management.