RBC Global Asset Management Expands BlueBay U.S. Sales Team

Mar 1 2016 | 8:29pm ET

RBC Global Asset Management has strengthened its alternatives business through the appointments of Charles Byrne and Andrew Gordon as co-heads of U.S. alternative investment sales. 

Byrne and Gordon will be responsible for developing and managing client relationships for BlueBay alternative investment strategies in the U.S., according to a statement. RBC acquired London-based BlueBay in October 2010.

The positions are new. Both men will report to Mike Refojo, head of sales for RBC Global Asset Management in the United States. 

Byrne has over 17 years of experience in financial services with a long track record in alternative investment strategies. Prior to joining RBC Global Asset Management, he was head of global business development for Regiment Capital Advisors, was a managing director at Marathon Asset Management, and held a variety of senior portfolio manager roles at Bank of America. 

Gordon has over 20 years of experience in alternative investments and was previously a managing director in investor relations at Marathon Asset Management. He also served as a managing director in capital introductions at Bear Stearns. 

“Growing our alternative investment platform is an important component of RBC Global Asset Management’s commitment to serving the evolving needs of clients and consultants with our broad suite of investment solutions,” said Matthew Appelstein, head of U.S. sales and distribution. “Charlie and Andrew have a wealth of experience in working together to effectively manage client relationships in the alternatives space.

"They will be instrumental in helping us move forward, as we continue to strengthen our alternative investment infrastructure and footprint in the U.S,” he added.

Founded in 2001, BlueBay Asset Management is among Europe's leading asset managers, specializing in fixed income and alternative investment solutions in investment grade, high-yield, distressed, convertibles and emerging market debt. The unit managed more than $57 billion as of December 31, 2015. 

RBC Global Asset Management is the asset management division of Royal Bank of Canada, and includes BlueBay Asset Management and Phillips, Hager & North Investment Management. The firm is a provider of global investment management services and solutions to institutional, high-net-worth and individual investors through separate accounts, pooled funds, mutual funds, hedge funds, exchange-traded funds and specialty investment strategies, managing more than $300 billion in assets. 

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