Extending Its Reach to Mass Affluent and High Net Worth Individuals
JAKARTA – PT Manulife Asset Management Indonesia ("MAMI"), one of the three largest investment managers in Indonesia with Rp39.2 trillion in assets under management (including investment advisory services), today signed a cooperation agreement with Danamon, one of the largest banks in the country. Through this partnership, Danamon will distribute five mutual fund products managed by MAMI, effective this month.
"We are proud to have Danamon as our distribution partner. This partnership is a big step forward in giving the local mass affluent segment and high net worth individuals access to MAMI-managed mutual funds. Danamon’s vast network of branches spreading across the country brings great growth potential for our assets under management," said Legowo Kusumonegoro, President Director of MAMI.
Equity funds are one of the favorite investment vehicles of local investors, including Danamon customers. Danamon will distribute three MAMI equity funds, namely Manulife Dana Saham, Manulife Saham Andalan and Manulife Syariah Sektoral Amanah, to bring refreshing options to their customers. Noting though the need to satisfy investors with different risk profiles and preferences, Danamon will also distribute a balanced fund named Manulife Dana Campuran II and a fixed income fund named Manulife Obligasi Negara Indonesia II.
MAMI mutual funds will be distributed through 168 Danamon branches across the islands of Java, Sumatera, Sulawesi, Borneo, Bali, Ambon, and the Irian Islands. Of these 168 branches, 15 are Danamon Privilege branches which serve the affluent market.
Sonny Wahyubrata, Retail Banking Product Management Head, Danamon said, "Danamon has a strong commitment to providing quality service and a range of sound investment products required by customers. Therefore, Danamon worked with Manulife Asset Management Indonesia, a leading and experienced asset management company, to provide opportunities for clients to meet their investment needs. We have confidence that, with the diverse range of quality mutual fund choices and the support from a reliable investment team, our customers' assets will be well-managed and grow.”
MAMI has a local team of 15 investment professionals with expertise in both equity and fixed income investments. The team is led by Alvin Pattisahusiwa, Chief Investment Officer. Alvin joined MAMI in early February 2012, bringing over 16 years of experience in investment management in Indonesia, managing various award-winning products.
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About PT Manulife Aset Manajemen Indonesia
PT Manulife Asset Management Indonesia (MAMI) was founded in 1996 and is one of the largest investment managers in Indonesia, with total funds under management of Rp 39.2 trillion (including investment advisory services) as of the end of March 2012. MAMI was the first investment management company in Indonesia to launch an equity fund, named Manulife Institutional Equity Fund, specifically for institutional investors in Indonesia. MAMI is also the first investment management company in Indonesia to launch an equity fund in USD denomination, named Manulife Greater Indonesia Fund.
MAMI is part of Manulife Asset Management, the global asset management arm of Manulife Financial. Manulife Asset Management provides comprehensive asset management solutions for institutional investors and investment funds in key markets around the world. Manulife Asset Management also provides investment management services to affiliates’ retail clients through product offerings of Manulife and John Hancock. This investment expertise extends across a broad range of asset classes including equity, fixed income and alternative investments such as real estate, timber, farmland, as well as asset allocation strategies. Manulife Asset Management has offices with full investment capabilities in the United States, Canada, the United Kingdom, Japan, Hong Kong, Singapore, Taiwan, Indonesia, Thailand, Vietnam, Malaysia, and the Philippines. In addition, it has a joint venture asset management business in China, Manulife TEDA. It also has operations in Australia, New Zealand, Brazil and Uruguay. John Hancock Asset Management, Hancock Natural Resource Group and Declaration Management and Research are units of Manulife Asset Management. As at March 31, 2012, assets under management were US$220 billion. Additional information about Manulife Asset Management can be found at ManulifeAM.com.
About Tentang PT Bank Danamon Indonesia, Tbk.:
PT Bank Danamon Indonesia Tbk. was established in 1956 and as of March 31, 2012 operates over 3,100 branches and points of sales, including its Danamon Simpan Pinjam (DSP) and Syariah units as well as its subsidiaries branches. As of March 31, 2012 Danamon provides its customers with access to over 30,000 ATMs, including through its association with ATM Bersama and ALTO, in all 33 provinces in Indonesia.
Danamon was recently awarded as Indonesian Bank Loyalty Champion 2012 from Infobank and Markplus Insight in the conventional bank with more than Rp 75 trillion in assets category. Danamon also received Indonesia Brand Champion 2012 and Indonesia Service to Care Champion 2012 awards from Marketers and Markplus Insight in the conventional bank with more than Rp75 trillion in assets category. Last year, Danamon placed third in the 2011 Annual Report Award (ARA) for the listed financial institution category.
From international institutions, Danamon received “Gold Award 2011” under category of Best Core Banking System Initiative, in the Asian Banking & Finance Banking Retail Awards 2011, hosted by Asian Banking & Finance Magazine (ABF).
Danamon is the sole issuer and acquirer of American Express® cards in Indonesia under an independent operator agreement which allows it to issue American Express cards to individual and corporate clients. Danamon is also the only bank which provides services to local merchants who accept American Express Cards and for signing up new merchant partners in Indonesia. Danamon is also the sole license holder of Manchester United cards in Indonesia, allowing the Bank to issue Manchester United ATM/Debit cards and credit cards.
PT Adira Dinamika Multi Finance Tbk (Adira), the automotive financing subsidiary of Danamon, operates an extensive branch network in more than 260 cities in Indonesia.
As of March 31, 2012, Danamon was 67.37% owned by Asia Financial (Indonesia) Pte. Ltd. and 32.63% by the public. On April 2, 2012, Danamon has been informed by Fullerton Financial Holdings Pte. Ltd., that it has entered into a share purchase agreement with DBS Group Holdings to sell its interest in the whole of the issued share capital of Asia Financial (Indonesia) Pte. Ltd. to DBS. The transaction is subject to the approvals, among others, of DBS shareholders and regulators in Singapore and Indonesia, including Bank Indonesia.
For further information, please contact:
PT MANULIFE ASET MANAJEMEN INDONESIA
Sampoerna Strategic Square, South Tower, Lt.31
Jl. Jend. Sudirman Kav.45-46, Jakarta
Tel.: (62-21) 2555 7788 ext. 2568
Mobile: (62-21) 0812 9100 188