Lam will lead the development of the firm’s Hong Kong business and support relationships with key investors and distributors, ASI said in a statement.
Lam was managing director and head of North Asia for Coutts for about three years until April 2016, when Switzerland-based UBP acquired Coutts’ wealth management operations in Hong Kong and Singapore.
Prior to that, he was managing director for Asia-Pacific at Gam Investments for 11 years.
Most recently, until his appointment at ASI, Lam was at Hong Kong-based Arete Capital Asia, a multi-family office and also served as chairman of the advisory board at Carret Private Investments’ asset management subsidiary.
He started at ASI this week, according to a firm spokeswoman, and will report to Ian Macdonald, deputy head of Asia-Pacific.
ASI’s Hong Kong operation has 60 people, 20 of them on the investment team, according to the spokeswoman. Out of Hong Kong they manage regional portfolios such as China equities, multi-asset, private equity and emerging market debt.
Aberdeen and Standard Life Investments completed their merger in 2017. According to FE, Aberdeen has 32 SFC-registered funds for sale in Hong Kong and Standard Life Investments has 14.
ASI’s Singapore office is the firm’s largest in Asia with a total staff of 200.