Members of the firm's German-focused sales and client relationship management team have relocated to the new branch, which is based in the Maxvorstadt area of Munich.

“There are exceptional business development opportunities in Germany,” said Erich Gerth, global head of business development. “Generally, German institutions and financial institutions continue to seek risk adjusted investment solutions from specialist fixed income managers, such as ourselves.”

BlueBay has offices in the UK, Switzerland, Germany, Ireland, Luxembourg, Stamford (US) and Japan.

Last month, the firm, which is wholly-owned by Royal Bank of Canada, recruited Timothy Ash as its emerging markets senior sovereign strategist, based in London.