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Manulife to Acquire Indonesia Business of U.K. Asset Manager Schroders
Manulife aims to strengthen its position by acquiring Schroders Indonesia, the country’s fifth largest asset manager with 56 trillion rupiah assets under management.
Summary by The Globe & Mail
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5 Articles
Flin Flon ReminderReposted by 
Rocky Mountain Outlook
Rocky Mountain OutlookManulife buying the Indonesian business of Schroder Investment Management
·Flin Flon, Canada
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The Canadian financial group Manulife announced on Wednesday, September 24, the signing of an agreement to acquire the assets and wealth management activities of the British management company Schroders in Indonesia.
Manulife WAM Acquires Schroders' Indonesia Unit
The asset management arm of Toronto-headquartered Manulife will acquire Schroders' Indonesia business. Manulife Wealth & Asset Management has signed an agreement for its Indonesia business – PT Manulife Aset Manajemen Indonesia (MAMI) – to acquire Schroders Indonesia, according to a statement, subject to regulatory approval. The financial terms of the transaction were not disclosed. AUM in Indonesia Manulife established MAMI in Indonesia in 1996…
Coverage Details
Total News Sources5
Leaning Left2Leaning Right0Center1Last UpdatedBias Distribution67% Left
Bias Distribution
- 67% of the sources lean Left
67% Left
L 67%
C 33%
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