Shoon succeeds an acting head of compliance named Gavin Ducket, who has left the company.
With just 23 advisers, AAM is a boutique compared to IPP, which reportedly has more than 350, and is the city-state’s largest financial adviser.
Shoon, who is Singaporean, had been head of compliance and practice standards at IPP since 2009.
In a statement, AAM director U-Bond Wong noted that Singapore’s regulatory and legislative landscape has been “constantly evolving”, which has made the compliance role an “increasingly important one” for an advisory business based there.
AAM Advisory has existed in its present state since 2009, after a buyout of PKF’s 50% stake in the operation. Among its three principals is Nick Anderson, who came to AAM from Professional Investment Advisory Services, another Singapore advisory firm.
