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A group of local Jakarta-based and also regional/international wealth management experts will assemble for the virtual Hubbis Digital Dialogue of November 9 to consider how and where the Indonesian wealth management market is developing, with the progress and the prospects set against the backdrop of other major ASEAN countries. They will analyse where there needs to be more progress and what additional building blocks need to be put into place in order to facilitate such progress, such as regulatory liberalisation, greater investment by the local and international players, more trendsetting by the newer JV partnerships between onshore and offshore partners, and so forth.

Indonesia is back on the growth path as well. After a 2.1% fall in GDP in 2020, the first drop since 1988, the government predicts growth of between 3.7% and 4.5% this year, a degree of optimism supported by the OECD, which in May projected growth of around 5% for 2021 and 2022.

This is an outstanding platform for the wealth management industry to continue its growth. Understanding the key drivers and current competitive environment is vital for the positioning of the local and international players as they jostle for prominence in what is certainly a market of huge potential, as the huge population keeps growing robustly and as the economy and private wealth creation keep expanding. Moreover, the demographics are very encouraging - Indonesia has both a vast and a very young and fast-expanding population.

With inflation spiking globally and with interest rates still at really low levels on a historical basis, and with the Jakarta Composite Index up around 30% in 2021 to date (mid-October), there are plenty of good reasons for private clients and mass affluent investors to be investing wisely for their and the futures of their families. All of them still have plenty of money in deposits and can recycle more of that into more active financial investments.

The panel of experts we assemble will analyse the latest state of the wealth market set against these backdrops and delve into the development of the onshore offering and how the onshore wealth industry is trying to compete against the offshore opportunities. The onshore market is now better regulated, and the range of products has been expanding gradually, although progress is not as rapid as many would like to see. All in all, there is today cautious yet mounting optimism that the private sector, the regulators and the government are more aligned than ever in wanting to promote the financial sector.

The result is a gradually more diversified range of products and solutions onshore and a broader range of private banks and independent wealth firms, some of the alliances between international names and powerful local financial institutions with the reach across the country’s vast lands and many thousands of islands.

Moreover, there is rising interest amongst the wealthy in estate and legacy planning, in alternative assets, in globalising investment portfolios and in generally enhancing both the risk management and also allocation strategies they adopt.

The Hubbis Digital Dialogue discussion of November 9 will look at all of these key trends and anticipate the next phases of the Indonesian market’s development and growth.

Nov 9

Indonesian Wealth Management : An Update and a Glimpse into...

3.00pm - 4.00pm HKT/SGT

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Senior figures in Asian Wealth Management are speaking at this event

Antony Dirga

Trimegah Asset Management

Abhra Roy

Infosys Finacle

Samdarshi Sumit

PFI Mega Life Insurance

Djoko Soelistyo

DBS Bank

Pieter Zylstra

additiv

Jeffry Lomanto

Moduit Digital

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Event Agenda
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  • 15.00pm

    The Indonesian Wealth Management Market: An Update and A Glimpse into the Future

    • How are asset managers and wealth managers evolving to engage the post-pandemic era?
    • Has demand for investment products stayed strong? And for what type of themes or strategies? What is the appetite for ‘offshore’ investment products?
    • Are banks still the dominant wealth management players? Or are any new entrants making inroads?
    • How are firms accelerating their digital transformation?
    • What is happening in the unit linked space in Indonesia?
    • How is Syariah wealth and asset management and insurance developing?
    • What interest do we see in ‘new assets’ given lowering interest rates?

    Moderator

    Michael Stanhope

    Founder & Chief Executive Officer

    Hubbis

    Speakers

    Djoko Soelistyo

    Head of Investment Product & Advisory

    DBS Bank

    Abhra Roy

    Head, Finacle Wealth Management Solution

    Infosys Finacle

    Jeffry Lomanto

    Founder

    Moduit Digital

    Samdarshi Sumit

    President Director & CEO

    PFI Mega Life Insurance

    Antony Dirga

    President Director

    Trimegah Asset Management

    Pieter Zylstra

    General Manager - APAC

    additiv

  • 16.00pm

    Webinar Ends

Nov 9

Indonesian Wealth Management : An Update and a Glimpse into...

3.00pm - 4.00pm HKT/SGT

Speakers

Antony Dirga

Trimegah Asset Management

Abhra Roy

Infosys Finacle

Samdarshi Sumit

PFI Mega Life Insurance

Djoko Soelistyo

DBS Bank

Pieter Zylstra

additiv

Jeffry Lomanto

Moduit Digital

Nov 9

Indonesian Wealth Management : An Update and a Glimpse into...

3.00pm - 4.00pm HKT/SGT

Partners
Nov 9

Indonesian Wealth Management : An Update and a Glimpse into...

3.00pm - 4.00pm HKT/SGT