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Aberdeen Asset Management Enters Indonesia With Key Deal

Sandra Kilhof

28 February 2014

subject to approval from regulators and NISP Asset Management's shareholders.

Following the acquisition, the company will be rebranded as “Aberdeen” in due course, the statement said.

The move adds to Aberdeen’s already strong presence in Asia, which in addition to its Singapore headquarters, includes offices in Bangkok, Hong Kong, Kuala Lumpur, Sydney, Taipei and Tokyo, as well as representation in Shanghai and Seoul.

The statement also noted that NISP Asset Management currently manages roughly $300 million in assets on behalf of institutional, corporate and retail clients in Indonesia. This will be added to the $2.8 billion, which Aberdeen currently has invested in Indonesian equities on behalf of clients globally.

The firm's total assets under management at the end of January stood at $320.6 billion.