JAKARTA (TheInsiderStories) – A global asset manager Aberdeen Standard Investments (ASI) has named Omar S. Anwar as Country Head and Head of Distribution for Indonesia.
The man with over 30 years’ track record of leadership in Indonesia’s financial services industry was also appointed as the President Director of PT Aberdeen Asset Management, a local subsidiary of global asset management Aberdeen Asset Management Asia.
Based in Jakarta, Omar will be responsible for developing business and distribution strategies of ASI in Indonesia. He will lead a team of 32 across Jakarta, Bandung and Surabaya, and will report to Ian Macdonald, ASI’s Singapore-based Deputy Head of Asia Pacific.
Omar, has a long list of track record of leadership in Indonesia’s financial services industry, replaced Sigit P. Wiryadi who retired in March 2018.
Omar’s most recent position was the executive chairman at Nomura Securities Indonesia, where he oversaw the brokerage’s investment banking and capital markets businesses.
Prior to that, he held senior management positions as well as sales and investment product development roles at some financial and non-financial institutions in Indonesia, including PT Trimegah Securities Tbk (IDX: TRIM), PT Bank Mandiri Tbk (IDX: BMRI), ABN Amro Bank, Citibank, PT Pertamina and Rio Tinto Indonesia.
Since establishing a presence in Indonesia back in 2014, ASI has developed a domestic investment franchise. The company is one of the few global asset managers that have manufactured international products for distribution in the local market, including a Syariah Asia Pacific equity strategy.
The Aberdeen group has been investing in the Indonesian markets for over 30 years. Its fund management team focuses on generating alpha from the domestic markets with help of long-term investment process based on fundamental research.
Currently ASI has more than US$6 billion manages portfolio investment of its institutional and retail clients (as of Dec. 31, 2017). It puts its investment in equities and fixed income markets.
“The appointment of Omar underpins our commitment to our clients in Indonesia. We are dedicated to building on the solid foundations we already have in place as we look to develop a leading asset management business in the country,” Ian Macdonald, Deputy Head of Asia Pacific of Aberdeen Standard Investments said in the statement.
In 2014, Aberdeen Asset Management Asia Limited secured approval from the Financial Services Authority to acquire 80 percent of local asset management company PT NISP Asset Management (NISPAM) from the previous shareholder PT NISP Sekuritas.
The OJK approved the deal after the Monetary Authority of Singapore, the regulator in Singapore gave green signal. As a follow-up to the change of control process, there will be a change of name from NISPAM to PT Aberdeen Asset Management.
Aberdeen Standard Investments is a global asset manager that is a brand of the investment businesses of Aberdeen Asset Management and Standard Life Investments.
With over 1,000 investment professionals the group manages $778.8 billion of assets worldwide. It has clients in 80 countries supported by 50 relationship offices.
Aberdeen Standard Investments is the asset management business of Standard Life Aberdeen plc, one of the world’s largest investment companies.
Standard Life Aberdeen plc is headquartered in Scotland and is listed on the London Stock Exchange. The Standard Life Aberdeen group was formed by the merger of Standard Life plc and Aberdeen Asset Management PLC on 14 August 2017.