Matthew Dabbs has stepped down as chief executive of AAM Advisory, International Adviser can reveal.
He was a founding member of the Singapore-based business over 10 years ago and will remain with the advisory firm in an executive role.
No further details were provided about Dabbs’ decision to take a step back.
Promoted to the top
His successor has been named as Eryk Lee, formerly chief financial officer of AAM.
Lee was previously a director at the Royal Bank of Scotland and held senior roles at HSBC, KPMG and Ernst & Young (EY), among others.
Lee said: “I’m really excited about the future prospects for the business, including opportunities to work more collaboratively with Old Mutual International to support the further expansion of AAM and continue to deliver great outcomes for our clients.
“I am thrilled to be able to spearhead this strategy as we embark on the next phase of the company’s growth.”
Background
AAM Advisory has over 5,000 clients and circa S$1.1bn (£625m, $807m, €724m) of assets under administration, as at 31 March 2019.
The firm offers investment and protection solutions for Singaporeans and expats working in the city state and across the region.
It entered into an acquisition agreement with Old Mutual Group (now Quilter) at the start of 2016.
