Sun Life Financial (SLF) has announced that it will take 100% ownership of the Indonesia-based life insurer PT CIMB Sun Life (CSL), after signing an agreement to purchase an additional 51% stake on top of the 49% it already owns.
Indonesia is to offer generous incentives for tax evaders to regularise their finances, a move that has been welcomed by the country’s wealth managers, reports Reuters.
Singapore-based fund house Lion Global Investors has worked alongside OCBC Bank to build a private equity fund which invests in small and medium-sized companies in Singapore, Malaysia, Indonesia and China.
Aberdeen Asset Management Asia has launched its business in Indonesia as a fully licensed onshore fund manager.
Amundi Group is planning to expand into Asia, according to its chief executive officer, Pascal Blanqué,
Aberdeen Asset Management Asia has entered into an agreement with Indonesia’s NISP Sekuritas to acquire an 80% stake in NISP Asset Management.
New Aviva chief executive Mark Wilson is reported to be in talks with Indonesia’s Astra International over a distribution deal in the country
Bank Indonesia, Indonesias central bank, will not approve a proposed acquisition by Singapores DBS Group Holdings of Bank Danamon Indonesia until it has established new foreign ownership rules for banks in the country and a reciprocity arrangement with Singapore, according to reports.
Jersey Finance has given its backing to the signing of a TIEA with Indonesia
