KUALA LUMPUR (Feb 17): AMMB HOLDINGS BHD []’s subsidiary PT AMCI Manajemen Investasi Indonesia (AmInvestasi) has received an investment manager licence to operate the Indonesia.
AMMB said on Friday the Badan Pengawas Pasar Modal dan Lembaga Keuangan (Indonesia Capital Market and Financial Institutions Supervisory Agency) had issued the licence to AmInvestasi on Feb 14.
AmInvestasi is a 99.99% owned subsidiary of PT AmCapital Indonesia, which in turn is 99% owned by AMMB.
AmInvestasi would be able to undertake investment management activities which include portfolio fund management services and also issue and manage mutual fund products.
PT AmCapital Indonesia is involved in stockbroking and underwriting business in Indonesia.
AMMB said on Friday the Badan Pengawas Pasar Modal dan Lembaga Keuangan (Indonesia Capital Market and Financial Institutions Supervisory Agency) had issued the licence to AmInvestasi on Feb 14.
AmInvestasi is a 99.99% owned subsidiary of PT AmCapital Indonesia, which in turn is 99% owned by AMMB.
AmInvestasi would be able to undertake investment management activities which include portfolio fund management services and also issue and manage mutual fund products.
PT AmCapital Indonesia is involved in stockbroking and underwriting business in Indonesia.
