Report: Schroders Explores Sale of Indonesia Business

Global asset manager Schroders is reportedly considering a sale of its Indonesia business as it looks to cut operations in some markets in which it lacks scale, Reuters said, citing “sources with knowledge of the matter”.

Richard Oldfield, who assumed the CEO post at Schroders in September, is looking to cut less productive units, the news service said. Its Indonesia business manages approximately $4B of assets and is its second-largest market in the Asia Pacific region.

A Schroders spokesperson told Reuters that the firm is in constant discussion with potential investors to ensure the continuation of its service in Indonesia. Sources told the news services there are at least four potential suitors for the business: HSBC, Allianz, UBS, and Bank Negara Indonesia.

Written By: Dakota

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Report: Schroders Explores Sale of Indonesia Business

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