New BlueBay Fund Selects SuMi TRUST for Fund Servicing

BlueBay Asset Management has selected SuMi TRUST Global Asset Services to provide trustee, administration and global custody for its new BlueBay Global Investment Grade Credit Fund.

Sumitomo Mitsui Trust Bank (SMTB) will also provide exclusive distribution for the fund in Japan. The new funds launched in December 2014 with $69 million, and SMTB will distribute it to its pension fund clients in Japan.

“We have found SuMi TRUST’s efficiency, well established knowledge of the Japanese market and delivery to be of the highest quality. We believe SMTB is very well-placed to promote this investment strategy to their Trust Bank clients and we are looking forward to a long term relationship together,” says Ken Yoshida, partner and head of sales, North East Asia, at BlueBay Asset Management.