UK-based fixed-income manager BlueBay Asset Management has expanded its presence in Europe by opening a new office in Zurich, Switzerland.

The new office will be led by Roberto Valsecchi Oliva, partner, head of sales Southern Europe, reported Global Investor Magazine.

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Additionally, David Keel, director of sales for Switzerland, will oversee the Swiss orientated business development efforts at the new office.

The new Zurich office will allow the firm to expand existing client and strategic relationships as well as better offer its services to the Swiss market.

Global Investor Magazine quoted Erich Gerth, partner, global head of business development at BlueBay saying: "Switzerland is an increasingly important strategic and client hub for BlueBay, and Zurich’s reputation as one of the preeminent financial centers in Europe makes it imperative for us to build our capability and visibility in the country."

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