Deutsche WM’s Asian clients slow to warm to alternatives, DPM

Asian clients of Deutsche Bank Wealth Management are showing little interest in discretionary portfolio management (DPM) and alternative assets, says Tuan Huynh, Asia-Pacific chief investment officer and head of DPM. The percentage take-up of discretionary accounts among Deutsche’s clients in the region is in the low single digits, he told AsianInvestor. A rough calculation therefore suggests that no more than $3 billion of Deutsche WM’s $66 billion in Asia assets under management…