Aegon appoints Franky Tam as general manager for China unit
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 investor...