Sign Agreement, IFG Life Collaborates With Bahana TCW In Optimizing Assets

Illustration. (Photo: Doc. IFG Life)

JAKARTA - PT Asuransi Jiwa IFG (IFG Life) and PT Bahana TCW Investment Management (Bacana TCW) signed a Memorandum of Understanding (MoU) regarding the Cooperation Plan for the Utilization of Services and Potential for Each Party.

This collaboration is aimed at managing the company's assets so that they can develop and provide added value for the company. The signing of the MoU was carried out by IFG Life President Director Harjanto Tanuwidjaja and Investment Director Bahana TCW Doni Firdaus, witnessed by the management of the two companies.

With this collaboration, Bahana TCW as the investment manager will act fully (full discretionary) to carry out the interests of managing IFG Life assets in the capital market and money market in accordance with agreed investment guidelines and objectives.

The types of assets that will be managed are in the form of deposits or cash, state securities (SBN) with a maturity of less than 1 year, state debt securities, corporate bonds and money market instruments, as well as cash for operational purposes.

Harjanto said this collaboration is a form of synergy between IFG's subsidiaries as an Insurance, Guarantee and Investment BUMN Holding.

"Later on, this memorandum of understanding will be followed by an Asset Management Cooperation Agreement that will be carried out by Bahana TCW based on an agreement to optimize asset portfolio management through capital market and/or money market investments," said Harjanto in his statement, Wednesday, March 15.

Armed with qualified experience in the financial sector and capital market, IFG Life is optimistic that Bahana TCW will manage assets based on the principles of good management so that it can meet the objectives of IFG Life investment.

In the management of the portfolio, Bahana TCW is committed to conducting very strict risk culture management and good corporate governance principles (GCG).

The stages of product development process and determination of investment portfolios in terms of risk management are carried out strictly and continuously to present products that are in accordance with investment needs. In addition, Bahana TCW always strives to provide optimal yield return rates.

Meanwhile, Doni Firdaus said that, cooperation with IFG Life is one of the monumental achievements in the journey of Bahana TCW. With more than 25 years of experience in the national financial and investment industry, Bahana TCW always applies five principles in corporate governance, including transparency, accountability, accountability, independence, and fairness.

Bahana TCW, he said, would formulate and implement investment strategies in securities traded in the capital market and in the money market, based on asset management guidelines. It will also continuously evaluate investment opportunities in the capital market and in the money market.

Later, IFG Life can also add or reduce funds and/or securities on assets and notify Bahana as the investment manager appointed by the company.