Money Management

Aberdeen Standard appoints head of Hong Kong

David Lam was named head of Hong Kong at Aberdeen Standard Investments.

Mr. Lam will report to Ian Macdonald, deputy head of Asia-Pacific for the £557.1 billion ($724.1 billion) money manager. He will oversee the planning and development of the firm's Hong Kong business and will support relationships with key investors and distributors, said a news release provided by a spokesman. Whether the role is new could not be learned.

Mr. Lam's "track record in the financial services industry is impressive and his appointment signifies the commitment we have to our clients in Hong Kong," said Mr. Macdonald in the release. He added that Hong Kong "provides a gateway for assets flowing in and out of the mainland China."

The firm's Hong Kong team has 60 personnel, with investment teams on the ground running regional portfolios across Chinese equities, multiasset, private equity and other strategies. It could not be learned how much in AUM the team oversees.

Mr. Lam was most recently chairman of the advisory board at multifamily office Carret Private Investments.