DBS Asset Management aims to triple its assets under management from the current S$10.5 billion $6.2 billion over the next three-to-five years, says Lim Heong-Chye, managing director in Singapore.
The firm is the largest retail funds player in Singapore but remains a minnow against global competitors. Nonetheless it has tripled its AUM in the past three years on the strength of its expertise in global fixed income and Asian equities - and by rising market valuations.
Now the firm is keen to enhance its regional capability and start marketing its services directly to offshore clients.
This includes a joint venture in China, establishing...