Manulife Wealth and Asset Management announced that, through PT Manulife Aset Manajemen Indonesia (MAMI), it has completed the acquisition of PT Schroder Investment Management Indonesia (SIMI). The transaction has satisfied all closing conditions, including regulatory approval from the Indonesia Financial Services Authority.Following completion of the transaction, MAMI's established market leadership and global investment insights will be combined with SIMI's deep local investment expertise, as well as its long-standing relationships with intermediaries and institutional investors. The integrated platform will benefit from greater scale, enhanced investment resources and a broader suite of solutions, aiming to deliver attractive long-term investment outcomes for clients across market cycles.During the integration period, Manulife Wealth and Asset Management will continue to operate both MAMI and SIMI under their existing structures, with integration to be carried out in phases. The company will provide regular updates to clients, partners and employees regarding branding, product changes and operational optimization to ensure clear communication and business continuity throughout the transition. (ca/da)
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