Manulife to Acquire Schroders' Indonesia Unit

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.