The latest wealth management executive moves in the Asia-Pacific region.

AAM Advisory
Quilter-owned advice firm AAM Advisory has added two senior hires to bolster advisory services in Singapore.

David MacDonald takes on a newly-created post as head of business development and Karen Tan joins as head of business and advisor support. The financial advice business manages around S$1.1 billion (£650 million) in assets and serves approximately 5,000 clients in the region.

MacDonald began his career in banking before moving on to lead teams of wealth managers for large financial services groups in the UK. He launched his own consultancy in 2001 working with a variety of global clients to coach and train client-facing sales teams. Tan moved from operations head at Meyado Private Wealth Management in Singapore and before that was assistant director at International Financial Services.

UK-based Quilter oversees £114.9 billion in investments. Its wealth platforms include Old Mutual Wealth UK; Old Mutual International, which AAM Advisory falls under; and the Old Mutual Wealth Heritage life assurance business.

Värde Partners
Värde Partners, the $14 billion alternative investment house founded in 1993, has appointed Ilfryn Carstairs as co-chief executive, working alongside George Hicks, the co-founder and co-CEO. Carstairs is a partner and co-chief investment officer at the firm and retains the CIO slot.

He joined the firm in London 12 years ago and has worked from Singapore since 2017.

Originally from Australia, Carstairs received a BC with first class honours from the University of Queensland, Australia, and an MBA from INSEAD, France.