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RBC has maintained a presence in Hong Kong since 1969 and Singapore since 1975.

The newly created role underscores Eastspring’s commitment to strengthening its intermediary business and enhancing client engagement in Asia’s wealth management sector.

The hires underscore J.P. Morgan’s continued push to strengthen its private banking presence in Greater China.

Today, the strategy is accessible in Hong Kong, China, Singapore, Taiwan, Malaysia and Thailand through local distributors including private banks, retail banks, IFAs, insurance companies and partnered asset managers.

Abouzahr has held several leadership positions across the bank’s operations in Hong Kong, mainland China and the UK.

The Zurich-based bank has ushered in a fresh executive team to reset its course.

The banks penalized include Credit Suisse, UOB, UBS, Citi, Julius Baer and LGT.

The new fund is the latest addition to the firm’s broader US$11 billion AUM evergreen platform.

As valuations stretch and earnings growth expectations moderate, global strategists are advocating for diversification into Europe, Japan, and select emerging markets.

Ling is currently a team head of Wealth Planning for Hong Kong, Philippines and international market at the bank.

Lam was most recently a managing director and head of client group core APAC at AXA Investment Managers.

The Chinese financial giant highlights multi-asset strategies as critical for weathering volatility, citing diminished safe-haven appeal in traditional assets like U.S. Treasuries and gold.