Aberdeen Standard Investments has appointed David Lam to be responsible for managing its team in Hong Kong and driving business growth in the country.
As head of Hong Kong, Lam will oversee the planning and development of the Hong Kong business, which employs about 60 people, as well as support relationships with key investors.
He will report to Ian Macdonald, who is the deputy head of Asia Pacific for Aberdeen Standard.
Lam has worked in both the asset management and private wealth sectors for more than 30 years.
He was most recently chairman of the advisory board at Carret Private Investments, a Hong Kong-based multi-family office.
Prior to that, he was managing director and North Asia head for Coutts, Asia Pacific managing director for GAM, plus Asia Pacific director of private wealth services for Merrill Lynch.
Macdonald said Aberdeen Standard is currently seeing good business momentum in Hong Kong – a country which also provides a gateway for assets flowing in and out of mainland China.
‘I am confident that under David’s leadership, we have the right team and capability in place to accelerate our growth in this important market,’ he said.
In Hong Kong, Aberdeen Standard’s investment teams manage regional portfolios across different asset classes, including China equities, multi-asset, private equity and emerging market debt.