Indonesia ready to restart FM licence approval process
Prudential Asset Management could be one of the next firms to benefit, having recently designated a chief executive for the branch it is hoping to set up in Jakarta.
Indonesia's capital markets regulator, Bapepam, has not handed out any fund-management licences since the global financial crisis struck in September 2008, but Prudential Asset Management could be set to benefit from a relaunch of the approvals process.
A source familiar with the matter says the UK firm has designated Shahrul Azlan Shahriman as chief executive for its Indonesia funds business. Currently based in Singapore, he will relocate to Jakarta if the firm is successful in obtai…
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