Fixed income specialist BlueBay Asset Management (BlueBay AM) has expanded its Italian footprint with the opening of a branch in Milan.
BlueBay says that the new office will enable them to serve their Italian clients closely while growing in a market where they are already well positioned.
The firm's Italian branch will be led by Italy head of sales Tommaso De Giuseppe, who has been working for the firm since 2012 and has 15 years more of experience in the financial industry.
The company, based in London and founded in 2001, has a broad range of 36 fixed income investment solutions and managed €60bn in assets as of the end of 2019.
Tommaso De Giuseppe said: "Operating from the London office, the first investments by Italian institutional investors flowed into our strategies in 2006. Over time, the trust that was given to us by Italian institutional investors and financial intermediaries has gradually grown, reaching more than 10% of the total assets currently entrusted to the management of BlueBay."