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Scottish investment manager Aegon Asset Management has appointed Franky Tam as general manager and legal representative for its wholly-owned China unit. Tam, who was previously China sales director, reports to Mabel Cho, the regional head of Asia, in his new role, Aegon says in a statement on March 16. His appointment was effective March 1. Aegon set up the China unit last July. Officially known as foreign-owned enterprise or WFOE, these subsidiaries are allowed to operate investment advisory business, and Qualified Domestic Limited Partnership (QDLP), where they can raise funds from investors in China for investing in traditional and alternative assets overseas. ....
Platform lures big hitter from St James’s Place, while Axa names next chairman AJ Bell The investment platform has attracted two female financial services heavyweights as non-executive directors. Baroness Helena Morrissey recently stepped down from the St James’s Place board, with the intention of her succeeding AJ Bell chair Les Platts at the company’s next AGM in January 2022. Morrissey only became a non-executive director at SJP at the start of 2020, and made a controversial start by publicly criticising the firm’s charging structure. She is joined by Evelyn Bourke, former chief executive of Bupa and formerly of Friends Provident, Standard Life and Chase de Vere. ....