AllianzGI to buy Indonesia asset manager

clock • 2 min read
AllianzGI to buy Indonesia asset manager

Allianz Global Investors Asia Pacific, a wholly owned subsidiary of AllianzGI, is to buy RHBAMI, an Indonesia-based asset manager, from PT RHB Sekuritas Indonesia which is part of RHB Banking Group, and the other shareholder of RHBAMI. The Germany-headquartered AllianzGI said in a statement yesterday (26 July) that RHBAMI was an established asset management company in Indonesia with AUM of over $480m as at 31 December 2020. Its products and services include as mutual fund units in vario...

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