Ken Tam joined Deutsche Asset & Wealth Management in Hong Kong as a managing director and head of the firm's global client group, institutional, Asia-Pacific ex-Japan, while Rajan Raju, a Singapore-based managing director with DeAWM, was named global client group head, intermediaries.
Both positions are new, reflecting a change from a previous organizational structure with one executive managing institutional and intermediary sales for North Asia and another managing both client segments for South Asia, explained Liza Ding, a DeAWM spokeswoman.
Mr. Tam was a managing director and head of institutional sales for North Asia at J.P. Morgan Asset Management in Hong Kong. A J.P. Morgan spokesman said Mr. Tam's position won't be filled.
Mr. Raju, meanwhile, previously oversaw institutional and intermediary sales for DeAWM in South Asia.
Mr. Tam will report regionally to Ravi Raju, DeAWM's Hong Kong-based head of Asia-Pacific, and functionally to Dario Schiraldi, the London-based head of the firm's global client group.
According to Ms. Ding, clients based in the Asia-Pacific region accounted for roughly $94 billion of DeAWM's assets under management at year-end 2013, or 7.3% of the firm's overall AUM of $1.28 trillion.