Manulife Wealth & Asset Management Completes Acquisition of Schroders Indonesia

Manulife Wealth & Asset Management today announced that it has completed the previously announced transaction to acquire PT Schroder Investment Management Indonesia (Schroders Indonesia) through PT Manulife Aset Manajemen Indonesia (MAMI), after all closing conditions were met, including obtaining approval from the Financial Services Authority (OJK). The transaction value of this acquisition was not disclosed to the public. The completion of this transaction marks the beginning of a structured integration process between MAMI and Schroders Indonesia. During the integration period, Manulife Wealth & Asset Management will operate in Indonesia through MAMI and Schroders Indonesia in parallel, maintaining their respective structures while preparing for a gradual merger process. Customers, partners, and employees will receive periodic notifications regarding branding, product changes, and operational enhancements to ensure clarity and continuity throughout the transition process. Chief Executive Officer of Wealth and Asset Management, Asia, Manulife, Fabio Fontainha, stated that the completion of this acquisition reflects the company’s long-term commitment in Indonesia and further strengthens MAMI’s position as the largest investment manager in Indonesia. By combining the capabilities of two leading investment managers, Manulife is building a stronger platform ready to face the future with greater scale, higher innovation capacity, and global insights to expand our range of investment solutions and services, while continuing to deliver added value for the company’s clients. “This step solidifies our growth foundation and positions us to navigate market dynamics more clearly while remaining focused on delivering long-term value,” said Fabio in a written statement. Through this acquisition, MAMI’s strong market position and global investment insights will be complemented by Schroders Indonesia’s local investment expertise and its long-term relationships with distribution partners and institutional clients. Together, this combined platform will deliver greater scale, deeper investment resources, and a broader range of solutions to provide attractive long-term results across various market cycles. Meanwhile, CEO & President Director of PT Manulife Aset Manajemen Indonesia (MAMI), Afifa, stated that this is an important moment for both organisations. As MAMI enters its 30th year, this acquisition is not just a transaction, but opens a new chapter in our journey to deliver broader impact. “Combining the talents and expertise of MAMI and Schroders Indonesia enhances our ability to deliver high-quality investment solutions and strengthens our leadership in Indonesia’s continuously growing investment management industry,” she said. CEO & President Director of Schroders Indonesia, Michael T. Tjoajadi, added that over more than three decades, the company’s team has been dedicated to building a trusted reputation and a client-focused approach. “Joining MAMI represents the next important chapter, while maintaining the strengths and culture we pride ourselves on, as well as providing access to broader resources, deeper capabilities, and new growth opportunities. We are ready to contribute through our expertise in this large organisation with a high reputation,” he explained. Prior to this acquisition, MAMI has long been recognised as Indonesia’s largest investment manager, supported by its strong track record in the national investment industry. MAMI offers a comprehensive range of solutions including mutual funds, investment management contracts, and various Sharia products. As of 31 December 2025, MAMI manages investment funds amounting to Rp124.3 trillion and serves more than 2.5 million customers, reflecting its extensive local reach and strong financial services platform. Meanwhile, Schroders Indonesia has been operating in Indonesia since 1991 and built its investment management business in 1997. The company has grown into one of Indonesia’s leading investment managers, with a strong focus on excellence and client-oriented solutions, providing comprehensive investment services to help clients achieve their financial goals. Schroders Indonesia has a solid local investment team and extensive distribution network through distribution partners, as well as strong relationships with leading institutional investors. Since 2003, Schroders Indonesia has received more than 140 awards at both company and product levels from local and international institutions. As of December 2025, Schroders Indonesia manages assets of more than Rp53 trillion.