AAM Advisory, a Singapore-based financial advisory house that was recently acquired by Quilter, announces two hires to bolster the business.

David MacDonald and Karen Tan join AAM as head of business development and head of business and advisor support, respectively.

MacDonald’s experience includes leading a UK-based team of wealth managers and consultancy for client-facing personnel in the banking and insurance sector.

Tan was most recently head of operations for Meyado Private Wealth Management.

AAM was founded in 2009 and was acquired by Quilters, formerly known as Old Mutual Wealth, in 2016. The firm has over 5,000 clients and $800 million of assets under administration, as of March 31 this year.