The Canadian fund house is to expand its business development resources in Asia with a view to boosting its regional client base, which only accounts for around 1% of its total AUM.
Ken Tam has joined Canadian fund house RBC Global Asset Management as its new Hong Kong-based head of Asia. The previous holder of the position has moved to Europe and will be leaving the company.
Deutsche AWM names client chief; Saratoga appoints president director; UBS hires China head; Vontobel boosts Asia team; Symmetry adds managers; Alpine River hires trader; and Contineo gets operations chief.
Ken Tam is said to have joined Deutsche Asset & Wealth Management as head of North Asia sales, a role similar to the one he had held at JP Morgan Asset Management.
New chairman reported for CIC, BNY snags BlackRock MD, JP Morgan's head of North Asia exits, Robeco promotes PM and PGI hires Prudential executive.