Manulife Wealth & Asset Management Completes Acquisition of Schroders Indonesia
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JAKARTA, Investortrust.id – Manulife Wealth & Asset Management and Schroder Investment Management Limited have announced a definitive agreement under which PT Manulife Aset Manajemen Indonesia, or MAMI, will acquire PT Schroder Investment Management Indonesia, known as Schroders Indonesia. The deal marks a milestone for Indonesia’s investment industry by combining the strengths of two major players to deliver world-class investment solutions for local clients.
The transaction will be completed once closing conditions are met, including approval from Indonesia’s Financial Services Authority, or Otoritas Jasa Keuangan (OJK). Until then, both companies will continue to operate independently while maintaining full regulatory compliance.
Manulife first established its presence in Indonesia in 1996 through MAMI, which has grown into the country’s largest asset manager. As of June 30, 2025, MAMI managed Rp101.7 trillion ($6.5 billion) in assets and served more than 2.5 million clients. With this acquisition, Manulife underscores its long-term commitment to Indonesia while expanding its ability to provide high-quality investment services.
Schroders Indonesia, which began operations in 1997, is currently the fifth-largest asset manager in Indonesia. As of June 2025, it managed more than Rp56 trillion ($3.6 billion) in funds, backed by an extensive distribution network and over 140 local and international awards earned since 2003. The firm has built a strong reputation as one of the largest independent asset management platforms in the country with long-standing client relationships.
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Fabio Fontainha, Head of Wealth and Asset Management Asia at Manulife, said the agreement reinforces the company’s strategic vision for Indonesia. “Schroders Indonesia brings a strong investment culture and deep client relationships that complement our current business. This acquisition will create a stronger platform to support the growing needs of Indonesian investors in the future,” he said in a written statement on Wednesday, Sept 24, 2025.
Chris Durack, Chair of Asia at Schroders, highlighted the growth opportunities arising from the deal. “By joining Manulife Wealth & Asset Management, Schroders Indonesia has found a partner that shares our client-focused philosophy and long-term vision,” he noted.
Afifa, CEO and President Director of MAMI, emphasized the continuity of values between the two firms. “MAMI and Schroders Indonesia have worked side by side for decades, contributing to the growth of Indonesia’s investment industry with aligned values and a strong commitment to clients. This acquisition unites talent and expertise to further enhance our capabilities and deliver even better solutions,” she said.
Michael T. Tjoajadi, CEO and President Director of Schroders Indonesia, expressed gratitude to clients and partners. “Our success reflects the dedication and talent of our team, who built a highly successful business. We are excited about the new opportunities that will emerge for our clients and our people,” he said.
With MAMI and Schroders Indonesia combining forces, the local investment market will gain a stronger balance of global expertise and local knowledge. Both companies believe the synergies will expand scale, improve competitiveness, and deliver optimal investment outcomes for Indonesian investors amid increasingly complex global market dynamics.