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ASI hires ex-Coutts exec as Hong Kong chief

Aberdeen Standard Investments has brought in David Lam to oversee its Hong Kong business.

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.

Part of the Mark Allen Group.