how-deam-has-sourced-5-billion-from-asia-this-year

How DeAM has sourced $5 billion from Asia this year

A new and improved Deutsche Asset Management believes its model has enabled it to raise more assets from the region than its competitors.
Ed Peter, Singapore-based head of Deutsche Asset Management in Asia Pacific and the Middle East, says the firm has sourced approximately Ç4 billion $5 billion from Asia Pacific in retail and institutional business year to date.

In his view, this proves the firm is on the right track after a radical restructuring that began last year.

ôI donÆt know of another fund manager that has raised as much assets in the region,ö he says. The firm now manages around Ç23 billion $29 billion for Asian clients.

Peter joined DeAM in April 2005 under the auspices of Kevin Parker, global head of asset management in New York, after spending four years running Deutsche BankÆs regional...
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