RBC Global Asset Management, the asset management arm of Royal Bank of Canada (RBC), has appointed Ken Tam as managing director and head of Asia for RBC Investment Management Asia.
Tam will be based at RBC GAM’s office in Hong Kong and will oversee RBC GAM’s business in the Asia-Pacific region, excluding BlueBay Asset Management.
He will report to Clive Brown, CEO and managing director of RBC GAM International.
Prior to joining the firm, Tam was managing director and head of Global Client Group, Asia Pacific ex-Japan at Deutsche Asset & Wealth Management. He previously spent 19 years at JP Morgan Asset Management, where he held a number of senior roles, including managing director, head of North Asia.
Tam started his career in 1988 at Price Waterhouse.
Commenting Tam’s appointment, Brown said : “The Asia-Pacific region is an important component of RBC Global Asset Management’s international growth plans. Mr. Tam’s extensive experience in the Asian asset management industry will help RBC GAM continue to grow and enhance our service to clients in the region.”
Globally, RBC GAM manages over $300bn (€259.6bn).