DBS Asset Mgmt aims to triple AUM

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 f…