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Fund Selector Asia: AllianzGI extends footprint into Indonesia

29/07/2021

AllianzGI extends footprint into Indonesia

Fund Selector Asia, a provider of online news and resources for the Asian fund selector community, reported that AllianzGI has agreed to acquire PT RHB Asset Management Indonesia, an Indonesian asset management company with assets under management of over US $480 million as of end-2020.

Fund Selector Asia cited Desmond Ng, Head of Asia Pacific at AllianzGI, as saying, “Indonesia is the largest economy in Southeast Asia with a young population and rapid economic growth. We are ready to tap into this dynamic market for its long-term growth potential and to strengthen our franchise in Southeast Asia which has long been a strategic focus for AllianzGI.”

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