MOVES-BlueBay Asset Management boosts investment grade team

Mon Aug 11, 2014 5:56am EDT

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Aug 11 (Reuters) - BlueBay Asset Management LLP, part of Royal Bank of Canada's asset management business, said it appointed Kaspar Hense as a portfolio manager in its investment grade team.

Hense will be responsible for the team's global sovereign and aggregate bond strategies.

He worked at Deutsche Asset Management, a unit of German lender Deutsche Bank AG, in Frankfurt for the most part of his decade-long career.

BlueBay's investment grade business managed nearly $30 billion in assets as of June.

BlueBay is part of Royal Bank of Canada's asset management division, RBC Global Asset Management.

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