Manulife Wealth & Asset Management Completes Acquisition of Schroders Indonesia

Photo: Special

JAKARTA - 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 completion of this transaction marks the start 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 Scrhoders Indonesia in parallel, maintaining their respective structures while implementing the merger process gradually.

Customers, partners, and employees will receive periodic notifications regarding branding, product changes, and operational improvements to ensure clarity and continuity throughout the transition process.

"We are proud to mark the official joining of Schroders Indonesia into Manulife Wealth & Asset Management," said Fabio Fontainha, Chief Executive Officer, Wealth and Asset Management, Asia, Manulife, Saturday, April 4.

"The completion of this acquisition reflects our 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, we are building a stronger platform and ready to face the future with greater scale, higher innovation capacity, and global insights to expand our range of investment solutions and services, while providing added value for our customers. This step strengthens our growth foundation and positions us to face market dynamics more clearly and remain focused on providing long-term value," he added.

With the completion of this transaction, MAMI's strong position in the market and its 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 bring greater scale, deeper investment resources, and a broader suite of solutions to deliver attractive long-term returns across market cycles.

Afifa, CEO & President Director, PT Manulife Aset Manajemen Indonesia, said this is an important moment for both organizations.

"As MAMI enters its 30th year, this acquisition is not just a transaction, but opens a new chapter in our journey to have a wider impact. Combining MAMI and Schroders Indonesia's talent and expertise increases our ability to deliver high-quality investment solutions and strengthen our leadership in the growing Indonesian investment manager industry," he said.

Michael T. Tjoajadi, CEO & President Director, Schroders Indonesia, added that for more than three decades, his team has been dedicated to building a trusted and customer-focused image.

"Joining MAMI is the next important step, while still maintaining the strength and culture that we are proud of, while also providing access to a wider range of resources, deeper capabilities, and new growth opportunities. We are ready to contribute through our expertise in this large organization with a high reputation," explained Michael.

Prior to this acquisition, MAMI has long been known as the largest investment manager in Indonesia, supported by its strong track record in the national investment industry. MAMI offers a complete suite of solutions that includes mutual funds, fund management contracts, and various Sharia products. As of December 31, 2025, MAMI manages investment funds worth IDR 124.3 trillion, and serves more than 2.5 million customers, reflecting its broad local reach and strong financial services platform.

Schroders Indonesia has been operating in Indonesia since 1991, and established an investment management business in 1997. The company has grown to become one of the leading investment managers in Indonesia, with a strong focus on customer-oriented excellence and solutions, providing comprehensive investment services to help customers achieve their financial goals.

Schroders Indonesia has a solid local investment team and an 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 the company and product levels, from local and international institutions. As of December 2025, Schroders Indonesia manages assets of more than IDR 53 trillion.