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.