Canada Manulife Wealth & Asset Management (PT Manulife Aset Manajemen Indonesia with $6 Billion AUM) Buys Indonesia 5th Largest Asset Manager Schroders Indonesia (PT Schroder Investment Management Indonesia) with $3.3 Billion AUM from UK $1 Trillion Asset Manager Schroders
24th September | Hong Kong
Canada Manulife Wealth & Asset Management (PT Manulife Aset Manajemen Indonesia with $6 billion AUM) has announced to buy Indonesia 5th largest asset manager Schroders Indonesia (PT Schroder Investment Management Indonesia) with $3.3 billion AUM from UK asset manager Schroders ($1 trillion AUM). Announcement (24/9/25): “Manulife Wealth & Asset Management and Schroder Investment Management Limited today jointly announced the signing of an agreement under which PT Manulife Aset Manajemen Indonesia (“MAMI”) will acquire PT Schroder Investment Management Indonesia (“Schroders Indonesia”). The acquisition will leverage both firms’ combined depth of experience and expand the range of world-class investment solutions available to clients. The transaction is expected to close following the satisfactory completion of certain closing conditions (including regulatory approval from the Otoritas Jasa Keuangan (“OJK”)). Until the acquisition is completed, both firms will continue to operate independently and maintain full regulatory compliance. Manulife Wealth & Asset Management’s presence in Indonesia dates back to 1996, when it established MAMI, now the country’s largest asset manager. This transaction underscores Manulife’s long-term commitment to the market and strengthens MAMI’s ability to serve a broader customer base with enhanced investment capabilities. The combination of its onshore expertise and global insights uniquely positions MAMI as the provider of choice for investors in Indonesia. The Schroders Indonesia team has built up an enviable business over the past three decades, becoming the fifth largest asset manager in Indonesia and the largest independent asset management platform in Indonesia. It has strong, locally relevant investment capabilities, deep client relationships and a proven track record, making the franchise a highly desirable addition to MAMI. Together, they will deliver scale and compete more effectively in an increasingly complex market environment, while continuing to deliver exceptional outcomes for clients … … Over the past three decades, Manulife Wealth & Asset Management has built a strong foundation in Indonesia through MAMI, which has grown to become the country’s largest asset manager. The firm offers a comprehensive suite of investment solutions across mutual funds, segregated mandates, and sharia-compliant products. As of 30 June 2025, MAMI managed IDR101.7 trillion in assets and served over 2.5 million customers, reflecting its deep local roots and expansive financial services platform. Schroders has been operating in Indonesia since 1991, establishing the investment management business in 1997. It has grown to become one of the country’s leading asset managers, with a strong focus on excellence and client-centric solutions, providing comprehensive investment services to help clients achieve their financial goals. Schroders Indonesia has established a solid on-the-ground investment team and developed a robust distribution network across the country’s intermediary channels, while maintaining deep partnerships with leading institutional investors. The firm has received over 140 awards at both the company and fund levels since 2003, from local and international entities. As of 30 June 2025, Schroders Indonesia manages assets totalling more than IDR56 trillion. The financial terms of the transaction were not disclosed.”
“ Canada Manulife Wealth & Asset Management (PT Manulife Aset Manajemen Indonesia with $6 Billion AUM) Buys Indonesia 5th Largest Asset Manager Schroders Indonesia (PT Schroder Investment Management Indonesia) with $3.3 Billion AUM from UK $1 Trillion Asset Manager Schroders “
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Fabio Fontainha, Head of Wealth and Asset Management, Asia, Manulife: “We are pleased to enter into this agreement with Schroders Indonesia, which reflects our long-term commitment to the Indonesian market. Schroders Indonesia brings a strong investment culture and deep client relationships that complement the strengths of our existing business. We are bringing together two of Indonesia’s leading fund management companies, with a shared vision to deliver enhanced value to clients and stakeholders. We look forward to building a stronger investment platform that supports the evolving needs of customers in Indonesia for years to come.”
Chris Durack, Chair of Asia, Schroders: “Schroders is focused on delivering the greatest value and investment outcomes for clients. In joining Manulife Wealth & Asset Management, Schroders Indonesia has found a firm that shares our client-first philosophy and long-term vision, unlocking new growth opportunities for both our clients and our people.”
Afifa, CEO & President Director, PT Manulife Aset Manajemen Indonesia: “MAMI and Schroders Indonesia have walked side-by-side for decades, contributing to the growth of Indonesia’s investment industry with shared values and deep client commitment. This acquisition is a natural evolution of that journey — one that brings together exceptional talent and expertise to elevate our capabilities and deliver even higher-quality investment solutions for our clients.”
Michael T. Tjoajadi, CEO & President Director of Schroders Indonesia: “We appreciate the trust our clients and partners have given us over the past three decades, which forms the foundation upon which this initiative is built. Our prosperity has been testament to the hard work and talent of our team who have built an extraordinarily successful business. We are excited about the new opportunities this will create for us, our clients and our people.”
Manulife Wealth & Asset Management – As part of Manulife Financial Corporation, Manulife Wealth & Asset Management provides global investment, financial advice, and retirement plan services to 19 million individuals, institutions, and retirement plan members worldwide. Our mission is to make decisions easier and lives better by empowering people today to invest for a better tomorrow. As a committed partner to our clients and as a responsible steward of investor capital, we offer a heritage of risk management, deep expertise across public and private markets, and comprehensive retirement plan services. We seek to provide better investment and impact outcomes and to help people confidently save and invest for a more secure financial future. Not all offerings are available in all jurisdictions. For additional information, please visit manulifeim.com.
Schroders – Schroders is a global investment manager which provides active asset management, wealth management and investment solutions, with £776.6 billion (€906.6 billion; $1064.2 billion) of assets under management at 30 June 2025. As a UK listed FTSE100 company, Schroders has a market capitalisation of circa £6 billion and over 5,800 employees across 38 locations. Established in 1804, Schroders remains true to its roots as a family-founded business. The Principal Shareholder Group continues to be a significant shareholder, holding approximately 44% of the issued share capital.
Canada Manulife Wealth & Asset Management (PT Manulife Aset Manajemen Indonesia with $6 Billion AUM) Buys Indonesia 5th Largest Asset Manager Schroders Indonesia (PT Schroder Investment Management Indonesia) with $3.3 Billion AUM from UK $1 Trillion Asset Manager Schroders
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