RBC GAM Names Former Deutsche AWM Exec Tam As Asia Head

Aug 25 2015 | 6:25pm ET

RBC Global Asset Management has hired former Deutsche Asset & Wealth executive Ken Tam as managing director and head of Asia.

Tam will be responsible for RBC GAM's business in the Asia-Pacific region, excluding BlueBay Asset Management. He will be based in Hong Kong and report to Clive Brown, CEO and managing director of RBC GAM International.

Adam Matthews, who presently holds the role, is leaving the firm at the end of the year. 

Previously, Tam was managing director and head of global client group, Asia-Pacific ex-Japan, at Deutsche AWM. He resigned from Deutsche several months ago and joined RBC GAM on August 18. 

Before joining Deutsche in March 2014, Tam was with JP Morgan Asset Management (formerly Jardine Fleming). 

“The Asia-Pacific region is an important component of RBC Global Asset Management's international growth plans,” said Brown in a statement. “Mr. Tam's extensive experience of the Asian asset management industry will help RBC GAM continue to grow and enhance our service to clients in the region.”

RBC GAM is the asset management division of Royal Bank of Canada. As part of RBC Wealth Management, the group manages more than $292 billion of assets.

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