Stockbit and Fullerton Fund Management have partnered to enhance asset management solutions for Indonesian investors by acquiring PT Ayers Asia Asset Management.

Information on the Target

PT Stockbit Investa Bersama, known as Stockbit, is Indonesia's premier digital investing platform. Established with the mission to empower Indonesians towards achieving a financially secure future, Stockbit provides tools that enable investors to craft portfolios that align with their risk profiles and investment objectives. Their offerings span a diverse array of asset classes, including stocks, bonds, and mutual funds.

In partnership with Fullerton Fund Management Company Ltd, a seasoned investment specialist based in Singapore, Stockbit has strategically acquired PT Ayers Asia Asset Management, a Jakarta-based asset management firm. This collaboration is expected to yield innovative investment solutions specifically tailored for the needs of a wide array of Indonesian investors, including retail, intermediaries, and institutional clients.

Industry Overview in Indonesia

The financial services industry in Indonesia is poised for significant growth, driven by the country's large population and increasing affluence. Despite a remarkable 38% year-on-year surge in the number of investors in 2022, the asset management secto