KONTAN.CO.ID - JAKARTA. Standard Life Aberdeen PLC will close its asset management business in Indonesia by mid-2021 as part of a new reconfiguration of global operations, the company said on Thursday. "The decision to exit the Indonesian market is part of the firm’s broader plan to reconfigure our global operations around our growth strategy," a spokeswoman for Standard Life Aberdeen said in an email. "This will enable us to focus on our strategic priorities and core markets," she said. PT Aberdeen Standard Investments Indonesia intended to close seven locally domiciled open-ended funds and liquidate or transfer three capital protected funds that it currently managed, she said.
Standard Life Aberdeen to close Indonesian asset management business
KONTAN.CO.ID - JAKARTA. Standard Life Aberdeen PLC will close its asset management business in Indonesia by mid-2021 as part of a new reconfiguration of global operations, the company said on Thursday. "The decision to exit the Indonesian market is part of the firm’s broader plan to reconfigure our global operations around our growth strategy," a spokeswoman for Standard Life Aberdeen said in an email. "This will enable us to focus on our strategic priorities and core markets," she said. PT Aberdeen Standard Investments Indonesia intended to close seven locally domiciled open-ended funds and liquidate or transfer three capital protected funds that it currently managed, she said.