Deutsche's DWS aims to triple funds raised in Asia in 5-7 years

SINGAPORE, April 5 (Reuters) - DWS Investments, the retail mutual funds arm of Germany's Deutsche Bank (DBKGn.DE), aims to triple money from Asian clients in 5-7 years through better marketing of its products, recently appointed Asia-Pacific CEO Rajan Raju said on Tuesday.

He said DWS intended to increase assets under management from Asia-Pacific clients from 8 billion euros at end-December by improving ties with banks and financial advisers and ensuring more DWS funds appeared on their recommended lists.

DWS is Germany's biggest fund group and the eighth largest in the world with 268 billion euros in AUM. But in Asia, DWS is only ranked 56th in terms of AUM from clients in the region, Raju said, citing research from Simfund Global.

Raju said DWS will initially focus on improving sales in India, Singapore and Taiwan where it has distribution relations in place. (Reporting by Kevin Lim)