Manulife WAM finalises acquisition of Schroders Indonesia arm

Manulife Wealth & Asset Management has completed the acquisition of PT Schroder Investment Management Indonesia (SIMI) done its Indonesian subsidiary PT Manulife Aset Manajemen Indonesia (MAMI).

Financial specifics of the woody were not disclosed.

The woody was finalised aft regulatory clearance from the Otoritas Jasa Keuangan (OJK) and fulfilling different closing requirements.

With the transaction present closed, the radical is moving into the integration stage.

MAMI and SIMI volition initially proceed to tally arsenic abstracted organisations, with existing structures kept successful spot portion systems, operations, and teams are combined gradually nether a phased plan.

During this period, clients, distributors, and employees are to beryllium informed regularly astir immoderate changes to marque usage, products, and operational processes, with the volition of preserving work continuity.

As of 31 December 2025, MAMI was liable for assets of Rp124.3tn ($7.3bn) and served much than 2.5 cardinal customers.

Manulife Wealth and Asset Management Asia caput Fabio Fontainha said: "The completion of this acquisition reflects our long–term committedness to Indonesia and further consolidates MAMI's presumption arsenic the country's largest plus manager.

“By combining the capabilities of 2 starring plus managers, we are shaping a stronger, much future-ready level – 1 with the scale, innovation capacity, and planetary penetration to broaden our offerings and elevate the worth we present to clients.”

Schroders has been progressive successful Indonesia since 1991 and acceptable up its concern absorption concern successful the state successful 1997. SIMI reported assets nether absorption of much than Rp53tn ($3.2bn) arsenic of December 2025.

Schroders Indonesia CEO and president manager Michael T. Tjoajadi commented: "For much than 3 decades, our squad has been dedicated to gathering a trusted, client–focused franchise.

“Joining MAMI marks an important adjacent section – 1 that preserves the strengths and civilization our radical are arrogant of, portion providing entree to broader resources, deeper capabilities, and caller opportunities for growth. We look guardant to contributing our expertise arsenic portion of a larger, highly respected organisation."

Last month, L&G and Manulife Wealth & Asset Management formed a concern to make wealthiness and status solutions for clients successful Europe, Asia, the US, Canada, and Bermuda.

"Manulife WAM finalises acquisition of Schroders Indonesia arm" was primitively created and published by Private Banker International, a GlobalData owned brand.

The accusation connected this tract has been included successful bully religion for wide informational purposes only. It is not intended to magnitude to proposal connected which you should rely, and we springiness nary representation, warranty oregon guarantee, whether explicit oregon implied arsenic to its accuracy oregon completeness. You indispensable get nonrecreational oregon specializer proposal earlier taking, oregon refraining from, immoderate enactment connected the ground of the contented connected our site.