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🇮🇩 Indonesia /Economy & Trade

DBS Indonesia, Mandiri Investasi Offer SGD Fund Management for Wealthy Clients

From Republika · () Indonesian

Translated from Indonesian, summarized and contextualized by DistantNews.

At a glance

News Named sources Context piece
  • PT Bank DBS Indonesia and PT Mandiri Manajemen Investasi offer SGD-denominated fund management services for affluent and high-net-worth clients.
  • The service allows clients to access managed funds based on their risk profile, investment goals, and agreed mandates.
  • The strategy includes fixed income, equity, and commodity asset classes, with a focus on diversifying SGD holdings beyond simple deposits.

PT Bank DBS Indonesia, in collaboration with PT Mandiri Manajemen Investasi, is introducing a new service for its affluent and high-net-worth clients: the management of Singapore dollar (SGD) denominated funds. This initiative aims to provide a diversified portfolio option beyond traditional savings.

We believe that superior wealth management is not just about providing access to investment products, but about delivering personalized solutions that are truly relevant to each client's unique needs.

— Melfrida GultomDirector of Consumer Banking Group at PT Bank DBS Indonesia, explaining the personalized approach to wealth management.

Through this partnership, eligible Bank DBS Indonesia clients can access fund management services provided by Mandiri Investasi. The funds will be managed according to each client's specific risk profile, investment objectives, and agreed-upon mandates. Melfrida Gultom, Director of Consumer Banking Group at PT Bank DBS Indonesia, emphasized that superior wealth management involves offering personalized, relevant solutions.

The investment strategy encompasses three main asset classes: fixed income, equity, and commodities. The fixed income portion focuses on bonds, managing interest rate and credit risks. The equity class targets large-cap companies, while the commodity class utilizes gold as a diversification tool amidst global market volatility. This approach allows for the management of SGD funds across various asset classes, rather than merely holding them as deposits.

Through an insight-driven wealth management approach, we translate global market dynamics, including trends and SGD exchange rate movements, into actionable investment strategies.

— Melfrida GultomDirector of Consumer Banking Group at PT Bank DBS Indonesia, detailing how market insights inform investment strategies.

Gultom further explained that the strategy is "insight-driven," translating global market dynamics, including SGD exchange rate movements, into actionable investment plans. Hardiyanto Pilia, President Director of Mandiri Manajemen Investasi, highlighted the synergy between Bank DBS Indonesia's wealth management capabilities and Mandiri Investasi's asset management expertise. He stated that this collaboration is a strategic move to offer increasingly relevant fund management solutions that meet clients' needs for portfolio diversification and comprehensive asset management.

We believe this collaboration is a strategic step to provide increasingly relevant fund management solutions amidst clients' needs for portfolio diversification and comprehensive asset management.

— Hardiyanto PiliaPresident Director of Mandiri Investasi, commenting on the strategic importance of the partnership.
DistantNews Editorial

Originally published by Republika in Indonesian. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

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