Insight

Manulife to Acquire Schroders' Indonesia Unit

market-avatar

Algo Research Team


The content provided here is for informational purpose only. It is not an advise or recommendation. Please do your own research.
content-img

Key Summary:


  • Manulife Aset Manajemen Indonesia to acquire Schroders Indonesia
  • Potential transaction is expected to boost investment business
  • The combined AUM from both firms could reach IDR165tn ($10bn)

According to a joint statement, Manulife Aset Manajemen Indonesia (MAMI), the local unit of Manulife Financial Corp, has agreed to acquire Schroder Investment Management Indonesia, subject to regulatory approval.


What’s the deal? According to the Head of Wealth and Asset Management Asia at Manulife, the potential acquisition is expected to strengthen and expand the company's investment business.


How was our research?


DISCLAIMER: Algo is an independent research platform and is not affiliated with any financial institution. We are not a licensed securities dealer, financial advisor, broker, or investment bank. The contents shared across our website, and social media platforms are intended for informational purposes only and reflect our views and opinions. It is not meant to be construed as financial advice and/or a recommendation to buy or sell an asset. Past performance does not guarantee future results. As a research platform, our contents are made to provide data-driven information and research-based articles, and should not be used as a basis for making any investment decisions. We strongly encourage you to conduct your own research and consult with a licensed financial advisor before making any investment decisions. Algo is not regulated by OJK (Otoritas Jasa Keuangan) and does not provide any investment services. We are not responsible for any financial decisions you make based on the information provided. All content is presented with the intent of informing only.