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AAM Advisory CEO exits

By Cristian Angeloni, 30 Sep 22

Less than a year after Utmost acquired its parent company Quilter International

Eryk Lee has left Singapore-based AAM Advisory after more than three years at the helm, he confirmed to International Adviser.

He joined the business as chief financial officer in April 2017 from the Royal Bank of Scotland and was promoted to chief executive in April 2019 following the departure of Matthew Dabbs.

Lee has now taken on the role of chief financial officer at stocks and derivatives brokerage firm Maybank Securities in the Lion City.

AAM Advisory was part of Quilter International, which was sold to Utmost Group in November 2021 for £480m ($524m, €539m).

IA reached out to Utmost for comment, but the company did not reply in time for publication.

In a recent interview with IA, however, global head of sales and marketing Stephen Atkinson said Utmost International is looking to make more acquisitions, especially in the UK, and that it sees Asia as a key region for the business going forward.

It is not clear whether AAM is part of those expansion plans.

Tags: AAM Advisory | Singapore | Utmost

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International Adviser covers the global intermediary market that uses cross-border insurance, investments, banking and pension products on behalf of their high-net-worth clients. No news, articles or content may be reproduced in part or in full without express permission of International Adviser.