Mandiri’s new S’pore unit eyes $100m in assets this year

The Jakarta Post - Asset management firm Mandiri Investment Management (MIM) Pte. Ltd., a Singapore-based subsidiary of Indonesia’s Mandiri Manajemen Investasi (MMI), expects to book US$100 million in total assets under management during the first year of its operations, which will officially begin Wednesday.

The new subsidiary will assist Singaporeans wanting to invest in Indonesia, both through foreign direct investment (FDI) and the Indonesian capital market platforms, the company’s chief executive officer Evan Lim said.

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