UPDATE: DeAWM hires ex-JP Morgan veteran: sources

JP Morgan Asset Management’s former head of North Asia, Ken Tam, has joined Deutsche Asset & Wealth Management as head of North Asia sales, say sources. He is said to be tasked with covering the institutional and retail business and to report to Ravi Raju, DeAWM's Asia-Pacific chief executive. He had spent 20 years at JP Morgan AM, including seven as head of North Asia, but left the US firm in February last year after the transfer of Jed Laskowitz from New York as Asia-Pacific…