RBC Global Asset Management (RBC GAM), the asset management division of Royal Bank of Canada (RBC), announced the appointment of Ken Tam as managing director and head of Asia for RBC Investment Management ( Asia ) Limited.
Based in Hong Kong, Tam will oversee RBC GAM's business in the Asia-Pacific region, excluding BlueBay Asset Management, and will report to Clive Brown, CEO and managing director, RBC GAM International.
"The Asia- Pacific region is an important component of RBC Global Asset Management's international growth plans. 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," says Brown.
The announcement reflects a continuation of RBC GAM's international growth trajectory. RBC has made a series of successful acquisitions in building its asset management arm: Voyageur Asset Management (US, 2001); Phillips, Hager & North Investment Management (Canada, 2008); and BlueBay Asset Management (UK, 2010). Globally, RBC GAM (which includes the aforementioned firms) manages over US$300 billion and has more than 1,300 employees.
Tam joins RBC GAM with over 25 years of experience in the financial services industry. Most recently, he was managing director and head of Global Client Group, Asia Pacific ex- Japan at Deutsche Asset & Wealth Management, having previously spent 19 years at JP Morgan Asset Management, where he held a number of senior roles, including managing director, head of North Asia . He began his career in 1988 at Price Waterhouse and is a member of the Hong Kong Institute of Certified Public Accountants.