Deutsche Asset & Wealth Management has stepped up its presence in Japan with a partnership with one of the country's largest asset managers.

DeAWM has chosen Nomura Asset Management to manage the DWS Japan Opportunities Fund, which as at 2 September 2013 has been renamed Deutsche Nomura Japan Growth to give a more local appeal. Nomura fund managers Shinsuke Yauchi and Ken Nagano will lead the team. 

"We want to exploit Nomura's local expertise and experience. This will allow our clients access to a Japan product in a form which has not been seen before in Europe," said Asoka Wohrmann, co-chief investment officer at DeAWM.

The Deutsche Nomura Japan Growth takes advantage of NAM's over 20 analysts on the ground. The investment market currently comprises some 450 companies listed on the Tokyo stock exchange, of which fund managers select 40 to 60 of those with high growth potential, the firm said in a statement.

Deutsche Asset & Wealth Management is the asset management and wealth management division of Deutsche Bank and its subsidiaries. Nomura, headquartered in Tokyo, has regional offices across Asia, the U.S. and Europe.