RBC Global Asset Management (RBC GAM) has hired Ken Tam as new managing director and head of Asia for RBC Investment Management (Asia).

Based at RBC GAM’s Hong Kong office, Tam will report to Clive Brown, CEO and managing director, RBC GAM International.

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In his new role, Tam will be responsible for managing RBC GAM’s business in the Asia-Pacific region, excluding BlueBay Asset Management.

Tam joined RBC GAM from Deutsche Asset & Wealth Management, where he worked as managing director and head of Global Client Group, Asia Pacific ex-Japan.

Previously, he has held senior roles, including managing director, head of North Asia at JP Morgan Asset Management for 19 years. Tam started his career in 1988 at Price Waterhouse.

Brown said: "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.

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"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 recognize the value of our approach," he added.