Aberdeen Asset Management has agreed acquire an 80% stake in Indonesian fund house NISP Asset Management from its parent, NISP Sekuritas.
NISP Asset Management, which was spun out of NISP Sekuritas in 2011, manages roughly US$300 million in mutual funds, protected funds, and discretionary accounts on behalf of institutional, corporate and retail clients in Indonesia.
Go deeper with GlobalData
The deal is subject to approval from regulators and NISP shareholders.
Following the acquisition, NISP Asset Management will be rebranded as Aberdeen.
Currently, Aberdeen has invested nearly US$2.8 billion in Indonesian equities. Its assets under management stood at US$320.6 billion at the end of January.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
