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RBC Global Asset Management appoints new head of Asia-Pacific region

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RBC Global Asset Management (RBC GAM), the asset management division of Royal Bank of Canada (RBC), has appointed Ken Tam as Managing Director and Head of Asia for RBC Investment Management (Asia) Limited. 

Based at RBC GAM’s office 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 (pictured), CEO and Managing Director, RBC GAM International.
 
Speaking about Tam’s appointment, Brown, says: “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. I look forward to working with Ken, and am pleased that RBC GAM’s investment strength and collaborative, client-focused culture enables us to attract top industry talent.”
 
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 USD300 billion and has more than 1,300 employees.
 
“This is an exciting time for RBC GAM, our clients and our employees as we draw on the expertise and client-focused service we are known for in North America and expand those capabilities globally,” says Brown. “I am confident that under Ken’s leadership, RBC GAM’s business in the Asia-Pacific region will continue to grow and to attract clients that recognise the value of our approach.”
 
Tam joins RBC GAM with over 25 years’ 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.

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