Manulife Consolidates Indonesia Asset Management with Schroders Acquisition — Manulife Investment Management (Manulife Wealth & Asset Management)

Event summary

Manulife Wealth & Asset Management completed its acquisition of Schroders Indonesia on April 1, 2026, following regulatory approval from OJK.
The combined entity will manage over IDR 177.3 trillion in assets, solidifying Manulife's position as Indonesia's largest asset manager.
Integration will proceed in phases, with both firms operating in parallel initially to maintain continuity for clients and employees.
Schroders Indonesia brings IDR 53 trillion in AUM and a strong institutional distribution network to the merged platform.

The big picture

This acquisition represents a strategic consolidation play in Indonesia's asset management sector, where Manulife is positioning itself as the dominant player. The deal comes as Southeast Asia's wealth management market continues to expand, with growing demand for both conventional and sharia-compliant investment products. By combining Schroders Indonesia's local expertise with its own global capabilities, Manulife aims to create a more resilient platform capable of navigating market volatility.

What we're watching

Integration Execution: The pace at which Manulife can successfully merge Schroders Indonesia's operations will determine the deal's long-term value.
Market Share Dynamics: Whether the combined entity can leverage its scale to further dominate Indonesia's growing asset management industry.
Client Retention: How the transition impacts Schroders Indonesia's existing client relationships and institutional partnerships.