BlueBay hires regional lending heads

The London-based firm has made two new direct lending hires to head up activities in France and Spain.

BlueBay Asset Management has made two new appointments for its direct lending strategy. Christophe Vulliez (pictured) joined the firm as head of France while Vincent Vitores came on board as head of Spain. 

The pair joined last week and will be based in London while splitting their time in their respective regions, a spokeswoman said. They will report to Anthony Fobel, partner and head of private lending at BlueBay.

Vulliez joined from Ardian Private Debt where he was a managing director based in Paris. Before Ardian, he was a structured finance portfolio manager at AXA Investment Managers and has held a number of roles at French investment bank BNP Paribas.

Vitores was most recently an executive director in debt and equity special situations at GE Capital. He has also worked at Monitor Company, BNP Paribas and private investment firm 3i.

The new hires will each work on originating and executing direct lending deals.

“Christophe and Vincent's extensive origination experience and networks in France and Spain, combined with their strong in-depth credit expertise, will ensure that BlueBay can identify solid investments in companies with sound fundamentals on attractive terms,” said Fobel.

BlueBay is raising its second direct lending fund, reaching a first close earlier this year. The firm is targeting €1 billion for the new vehicle and recently picked up commitments from New Hampshire Retirement System and Municipal Employees Retirement System of Louisiana.

The firm lends to European mid-market companies. To date, BlueBay Direct Lending has committed €1.3 billion in 26 private debt deals across the first two funds.

BlueBay is a fixed income asset manager headquartered in London with offices in the US, Japan, Hong Kong, Switzerland, Ireland and Luxembourg. It had assets under management of more than $60 billion, as at 30 June 2015. The firm is wholly-owned by Royal Bank of Canada and is part of the RBC Global Asset Management group of businesses.