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Ex-Bluebay Salesman Seeks $2.7 Million Bonus After Joining Rival

Royal Bank of Canada’s BlueBay Asset Management was sued by a former salesman seeking to recoup a 1.7 million-pound ($2.7 million) deferred bonus withdrawn after the asset management company says he tried to get other employees to join a competitor.

Fahim Imam-Sadeque left Bluebay in August 2011 to join Goldbridge Capital Partners, founded that year by another former Bluebay employee, Gina Germano. BlueBay canceled Imam-Sadeque’s 2012 stock award when it found evidence of phone-calls, texts and meetings with other employees during a four-month period before he started the new job.