About Ashmore Indonesia
About us
PT Ashmore Asset Management Indonesia is an investment management company domiciled in Jakarta, regulated by the Indonesia Financial Services Authority (OJK).
The main activity of PT Ashmore Asset Management Indonesia is to manage Investment Funds and to manage portfolios for various types of institutional and retail customers, both domestic and international.
The company is managed by professionals in the investment management sector with experience in domestic and international markets.
PT Ashmore Asset Management Indonesia (AAMI) operates under license from the OJK as an Investment Manager under the Decision of the Chairman of the Bapepam and LK No.: KEP-04/BL/MI/2011 dated June 15, 2011.
The major shareholder in AAMI is Ashmore Investment Management Limited, which is in turn authorised and regulated by the UK Financial Conduct Authority. Its registered offices are at 61 Aldwych, London WC2B 4AE.
PT Ashmore Asset Management Indonesia Tbk was established in 2012 and started commercial operation in 2013. In 2019, the Company’s shareholder approved the plan conduct Share Initial Public Offering and then obtained FSA Effective Letter for listing approval on the Dec 30th 2019. PT Ashmore Asset Management Indonesia Tbk then became the first investment management company to be listed on Indonesia Stock Exchange in January 2020.
The Company’s vision is to become one of the largest asset management companies in Indonesia that is capable of offering high investment returns to customers through effective and efficient distribution.
The Company's missions are as follows:
- offering investment strategies on various types of assets that the Company currently specializes in and utilizing the relationship with the Ashmore Group to assist in the investment process; and
- providing services and creating value for customers as well as education on investing in Indonesia’s capital market through efficient and effective distribution channels.
PT Ashmore Asset Management Indonesia (AAMI) was established in 2012 as an investment management company based in Jakarta, Indonesia. AAMI is part of Ashmore Group Emerging Market ecosystem seeking to provide active portfolio management in equity and fixed income asset class in the fast growing markets. The growth that AAMI has experienced since its establishment has been considerably higher than peers and industry, given the trust placed by investors to AAMI’s eminent investment personnel and its consistency in delivering alpha year after year.
AAMI investment philosophy has been unchanged since day one and has embedded to our investment team culture. As we expand to 11 investment professionals today, AAMI has the right resources to focus on secondary data and proprietary research seeking to achieve our true active management slogan.
For AAMI, growing our high quality products while delivering consistent service and financial solutions to our clients remain to be our passion. We strive to be the best active asset management in Indonesia while still, adapting and pioneering in the digitalization and evolving structure of global wealth management.
Currently, AAMI is operating under license from Indonesia Financial Authority (OJK) under the Decision of the Chairman of the Bapepam and LK No.: KEP-04/BL/MI/2011 dated June 15, 2011. As per March 2018, PT AAMI get the Investment Advisor Licence from OJK under Financial Service Authority Decision Letter No. KEP-9/D.04/2018 dated 14 March 2018.
The major shareholder in AAMI is Ashmore Investment Management Limited, which is in turn authorised and regulated by the UK Financial Conduct Authority. Its registered offices are at 61 Aldwych, London WC2B 4AE.
Ashmore Share Information
Detailed information on the shareholding of Ashmore Asset Management Tbk, including current shares in issue, can be found on the website of the Indonesia Stock Exchange:
Note: The company's controlling shareholder is Ashmore Group Plc through Ashmore Investment Management Ltd. Ashmore Group Plc is a publicly traded company listed on the London Stock Exchange with diverse shareholders, mostly institutional shareholders. The Employees of the Company are also shareholders, due to the shares awarded through Ashmore Group's remuneration scheme. The ultimate beneficial owner of the Company is the Company represented by the Company’s management.
Company structure
AAMI has a strategic partnership with Bukalapak on digital selling agent PT Buka Investasi Bersama (BIB) starting in 2020. In 2022, AAMI and Bukalapak created PT Buka Investasi Digital (BID) as a holding company that owns 99% of BIB, which, in turn, AAMI owns 20% of BID. In September 2023, AAMI sold its equity ownership in BID partially, leaving a 3% ownership.
Board of Commissioner
The AAMI management team has a long-standing record of accomplishment in the capital market and asset management industry.
President Commissioner
United Kingdom citizen. Domiciled in United Kingdom. Appointed as the President Commissioner of AAMI at the 2014 Annual General Meeting of Shareholders and approved by OJK on 2 April 2014.
Career
Tom Shippey was appointed to the Board as Group Finance Director in November 2013. Prior to joining Ashmore in 2007, Tom worked for UBS Investment Bank, including advising on the Ashmore IPO in 2006.
Educational Background and Training
Tom qualified as a Chartered Accountant with PricewaterhouseCoopers in 1999 and is a Fellow of the ICAEW. He has a BSc in International Business and German from Aston University.
Independent Commissioner
Indonesia citizen. Domiciled in Indonesia. Appointed as the Independent Commissioner of AAMI at the 2019 Annual General Meeting of Shareholders and approved by OJK on 23 July 2019.
Career
Prior to joining PT AAMI as Independent Commisioner, Satriadi was CFO at PT Cipta Krida Bahari a logistic company (2016-18). His earlier managerial positions include CFO of PT Cipta Kridatama, a mining contracting company (2010-2016) and PT Bakrie Construction (2005-2010), an auditor (2000-2005) at BPPN, Senior Manager at PT Bank Bumiputera (1995-2000), accountant at IBM Indonesia (1990-1995). Satriadi currently serves as Member of Audit Committee at PT Mandiri Sekuritas.
Educational Background and Training
Holds a Master’s degree in Applied Finance from the Macquarie University, Sydney (1995) and Bachelor Degree in Accountancy from Universitas Indonesia (1990).
Dual Functions
Also serves Member of Audit Committee at PT Mandiri Sekuritas.
Board of Directors
President Director
Indonesian citizen. Domiciled in Indonesia. Appointed as the President Director of AAMI at the 2012 Annual General Meeting of Shareholders and approved by OJK on November 2012. He was last reappointed at the 2019 Annual General Meeting of Shareholders for a five-year term.
Career
Prior to establishing PT AAMI in 2012, Ronaldus worked as Senior Portfolio Manager and served as Director at PT Schroder Investment Management Indonesia. He joined Schroder in 1994 starting up as Investment analyst and portfolio manager before being promoted to President Director position in 1998 where he served up to 2011.
Educational Background and Training
Ronaldus holds Master’s Degree in Business Banking and Finance from University of Technology Sydney, Australia in 1993.
Dual Functions
Holds no position as a member of a Board of Commissioners, a Board of Directors, or executive officer at another bank, company, and/or institution.
Director
Indonesian citizen. Domiciled in Indonesia. Appointed as Director of AAMI at the 2012 Annual General Meeting of Shareholders and approved by OJK on November 2012. He was last reappointed at the 2019 Annual General Meeting of Shareholders for a five-year term.
Career
Prior to establishing PT AAMI in 2012, Eddy served as President Commissioner at PT Deutsche Securities Indonesia (2005-2012) and as Chief of Operating Officer responsible for operational and human resources department in PT Deutsche Verdhana Indonesia during the same period. Prior that he was Director Operations at PT Deutsche Securities Indonesia (2004-2005). Before joining Deutsche, Eddy was Operation Director at PT JP Morgan Securities Indonesia (1997-2004) and Assistant Vice President / Division Head for Operations and CS at Citibank Custodian (1989-1996).
Educational Background and Training
Eddy graduated from Universitas Gajah Mada in 1982 with Bachelor of Law degree.
Dual Functions
Holds no position as a member of a Board of Commissioners, a Board of Directors, or executive officer at another bank, company, and/or institution.
Director
Indonesian citizen. Domiciled in Indonesia. Appointed as the Director of AAMI at the 2012 Annual General Meeting of Shareholders and approved by OJK on November 2012. He was last reappointed at the 2019 Annual General Meeting of Shareholders for a five-year term.
Career
Prior to establishing PT AAMI in 2012, Arief was the CFO for PT Elang Mahkota Teknologi (2011-2012) where he coordinate financial reporting, budgets and coordinate M&A. Arief previously was Head of Research for Credit Suisse Securities Indonesia (2005-2011), regional automotive analyst in JP Morgan Securities Indonesia (1997-2005) which previously named Jardin Fleming Indonesia. Before that, Arief was financial analyst for Inti Salim Corporation (1996-1997).
Educational Background and Training
Arief was graduated from San Fransisco State University in 1995 with Bachelor of Business Administration degree.
Dual Functions
Holds no position as a member of a Board of Commissioners, a Board of Directors, or executive officer at another bank, company, and/or institution.
Director
Indonesian citizen. Domiciled in Indonesia. Appointed as the Director of AAMI at the 2021 Annual General Meeting of Shareholders and approved by OJK on January 18th 2012. He was last appointed at the 2021 Annual General Meeting of Shareholders for 2022-2024 term.
Career
Prior to joining Ashmore in 2014, Steven served as Head of Portfolio Management at PT Bank Commonwealth and Head of Product Advisory at PT Manulife Asset Management Indonesia. Steven has more than 16 years of experience in the banking and asset management industry with various senior roles, particularly in wealth management and advisory. Since joining Ashmore Indonesia, Steven has led the sales and distribution team and has contributed to increasing the company's managed funds and product diversification.
Educational Background and Training
Steven was graduated from Universitas Parahyangan with Bachelor of Economy degree. Steven holds Investment Manager Representative license with no KEP-22/PM.211/WMI/2016
Dual Functions
Holds no position as a member of a Board of Commissioners, a Board of Directors, or executive officer at another bank, company, and/or institution.
Corporate Secretary
Indonesian citizen. Domiciled in Indonesia. Appointed as the Corporate Secretary by Appointment Letter No. 001/DIR-ASH/0719.
Career
Prior to her appointment as Corporate Secretary, Lydia joined PT AAMI in 2016 as Vice President for Marketing and Distribution. Previously she worked as equity analyst in JP Morgan Securities Indonesia (2013-2016), CIMB Securities Indonesia (2009-2013) and Macquarie Securities Indonesia (2007-2008).
Educational Background and Training
Lydia earned a Bachelor’s Degree in Banking and Finance from Monash University, Australia (2006).
Dual Functions
Also serves as Chief Financial Officer starting in November 2021 with appointment letter No. 004/DIR/ASH/1021
Audit Committee
Chairman
Indonesia citizen. Domiciled in Indonesia. Appointed as the Audit Committee Chairman with appointment letter No 005/DIR-ASH/0719 on 11 October 2019 and has been reappointed through letter No. 007/DIR-ASH/1224 on 10 December 2024.
Career
Prior to joining AAMI as Audit Committee Chairman, Satriadi was CFO at PT Cipta Krida Bahari a logistic company (2016-18). His earlier managerial positions include CFO of PT Cipta Kridatama, a mining contracting company (2010-2016) and PT Bakrie Construction (2005-2010), an auditor (2000-2005) at BPPN, Senior Manager at PT Bank Bumiputera (1995-2000), accountant at IBM Indonesia (1990-1995). Satriadi currently serves as Member of Audit Committee at PT Mandiri Sekuritas.
Educational Background and Training
Holds a Master’s degree in Applied Finance from the Macquarie University, Sydney (1995) and Bachelor Degree in Accountancy from Universitas Indonesia (1990).
Dual Functions
Also serves Member of Audit Committee at PT Mandiri Sekuritas .
Member
Indonesia citizen. Domiciled in Indonesia. Appointed as the Audit Committee Member with appointment letter No 005/DIR-ASH/0719 on 11 October 2019 and has been reappointed through letter No. 007/DIR-ASH/1224 on 10 December 2024.
Career
Prior to joining AAMI as Audit Committee Member, Vidvant was Partner and Leader in Governance, Risk & Control (GRC) Services PT RSM Indonesia Konsultan (2018-2023). His earlier managerial positions include Director at PT Deloitte Konsultan Indonesia (2011-2018) Chief Audit Executive of Swiss-Belhotel International (2010-2011), Senior Consultant of PT Deloitte Konsultan Indonesia (2007-2010), and Senior Auditor & Compliance of MAA General Assurance (2006-2007). Vidvant currently serves as Chief Executive Officer at Incorp Indonesia.
Educational Background and Training
Holds a Master’s degree in Management from the Prasetiya Mulya (2023) and Bachelor of Economics majoring in Accounting from University of Indonesia (2004).
Dual Functions
Also serves as Chief Executive Officer at Incorp Indonesia.
Member
Indonesia citizen. Domiciled in Indonesia. Appointed as the Audit Committee Member with appointment letter No 005/DIR-ASH/0719 on 11 October 2019 and has been reappointed through letter No. 007/DIR-ASH/1224 on 10 December 2024.
Career
Prior to joining AAMI as Audit Committee Member, Wahyuni was Government Reporting Analyst of Medco E&P Natuna, Ltd (2016-2019). Her earlier positions include Business Excellence Analyst of Conocophillips Indonesia, Inc Ltd (2012-2016) and Associate Auditor of PricewaterhouseCoopers Indonesia (2010-2011).
Educational Background and Training
Holds a Bachelor of Economics majoring in Accounting from University of Indonesia (2010).
Dual Functions
Holds no position as a member of a Board of Commissioners, a Board of Directors, or executive officer at another bank, company, and/or institution.
Sharia supervisory board
Chairman
Indonesia citizen. Domiciled in Indonesia. Appointed as the Sharia Supervisory Member with appointment letter No. 006/DIR/ASH/1121 based on Recommendation letter from DSN No. U-951/DSN-MUI/XI/2021 on 26 November 2021 and has been reappointed through letter No. 009/DIR-ASH/1224 on 12 December 2024.
Career
Prior to joining PT AAMI as Sharia Supervisory Chairman, Gatot had career experience at PT Angkasa Pura I (Persero), Angkasa Pura I Pension Fund, and as a member of the Sharia Supervisory Board at a financial institution.
Educational Background and Training
Obtained a Bachelor of Economics degree from Jember University and a Master of Management degree from STIE STIKUBANG Semarang. Has a Capital Market Sharia Expert license from the Financial Services Authority with No. KEP-09/PM.223/ASPM-P/2019, dated 16 May 2019 and has been extended with No. KEP-05/PM.021/PJ-ASPM/2024 dated 5 March 2024.
Dual Functions
Also serves as the Sharia Supervisory Board at PT Shinhan Asset Management as well as an Independent Commissioner at PT. GAP Capital.
Member
Indonesia citizen. Domiciled in Indonesia. Appointed as the Sharia Supervisory Member with appointment letter No. 006/DIR/ASH/1121 based on Recommendation letter from DSN No. U-951/DSN-MUI/XI/2021 on 26 November 2021 and has been reappointed through letter No. 009/DIR-ASH/1224 on 12 December 2024.
Career
Prior to joining PT AAMI as Sharia Supervisiory Member, Dida was Sharia Supervisiory Member at PT BNI Asset Management (2021 – present), Lecturer at Trisakti University (2021 - present), AVP Equity Research at PT CIMB Securities Indonesia (2007-2017), Assistant Manager Equity Research at PT Danareksa Sekuritas (1997 - 2007), and Equity Research Assistant at PT Schroders Securities Indonesia (1997) .
Educational Background and Training
Holds Magister of Science in Islamic Finance University of Indonesia (2009) and Bachelor of Economics in University of Indonesia (2002). Dida qualified as Syariah Experts Capital Market No. KEP-10/PM.2/ASPM-P/2018, Financial services authority, Indonesia (2018) and has been extended with No. KEP-15/PM.02/PJ-ASPM/2023 dated 12 September 2023.
Dual Functions
Also serves Sharia Supervisiory Member at PT BNI Asset Management.
Awards
Since 2015, AAMI has won various awards in both its equity and debt mutual fund as well as investment manager.
- 2023: Best Investment Manager 2023, USD Equity Category, 3-Year Period
- 2017: Business News Top Capital Market Award – Top Manajer Investasi 2017 Ashmore Asset Management Indonesia
- 2024: Index ETF Category, Asset Class Rp500 Billion – Rp1 Trillion, 1-Year Period
- 2024: Index ETF Category, Asset Class Rp500 Billion – Rp1 Trillion, 3-Year Period
- 2024: USD Fixed Income Category, All Asset Classes, 5-Year Period
- 2017: Infovesta Best Mutual Fund Award For Category - Equity Fund 3 Years Period, assets above1.5 Trillion
- 2017 : Bloomberg Award - Best Equity Fund (AUM>650 Milyar) for 3 years performance
- 2015: Infovesta Best Mutual funds Award For Category - Equity Fund 1 Year Period , asset above 1 Trillion
- 2017: Business News Top Capital Market Award - Top Reksa Dana Saham 2017
- 2017: Infovesta Most Favourite Fixed Income Fund
- 2017: Bareksa/Kontan – 2017 Fund award silver winner for 1 year performance (AUM 25-100 Billion)
- 2017: Warta Ekonomi Indonesian Top Performing Mutual fund Consumer Choice Award - Best in Protected Mutual fund
List of distributors
List of Addresses and Contacts of Selling Agents of PT Ashmore Asset Management Indonesia Tbk (alphabetical order).
| Selling Agents | Address | Contacts |
| Ajaib | Indonesia Stock Exchange Building, Tower II Lantai 2, Suite 201, Jl. Jenderal Sudirman, Kav. 52-53, Lot. 2, Senayan, Kebayoran Baru, Kota Jakarta Selatan, DKI Jakarta 12190 | Tel : (021) 3950 2268 |
| Bank Mandiri | Jl. Jenderal Gatot Subroto Kav. 36-38, Jakarta 12190 Indonesia | Tel. 14000, +62-21-52997777 Fax: +62-21-52997735 |
| Bank Mega | Menara Bank Mega Lantai 15. Jl. Kapten P. Tendean No.12-14A, Jakarta, 12790 | Tel. (021) 7917 5000 |
| Bank Permata | Gedung World Trade Center II (WTC II) Lt.21-30, Jl. Jend. Sudirman Kav. 29 - 31, Pondok Pinang, Kebayoran Lama, RT.8/RW.3, Kuningan, Karet, Setia Budi, Kota Jakarta Selatan, Daerah Khusus Ibukota Jakarta 12920 | Tel. (021) 77289928 Fax. (021) 77289928 |
| BAREKSA | Jalan Kemang Raya 14 A-B-C RT 011 RW 001, Kelurahan Bangka, Kecamatan Mampang Prapatan, Jakarta Selatan 12730 | Tel. +62-21-5011-7000 |
| BCA | Menara BCA, Grand Indonesia, Jl. M.H Thamrin No. 1, Jakarta Pusat, JK 10310 | Tel. (021) 2358-8000 Fax. (021) 2358-8300 |
| BIB | Jl. R.A. Kartini No.22, Cilandak Bar., Kec. Cilandak, Kota Jakarta Selatan, Daerah Khusus Ibukota Jakarta 12440 | |
| BNI | Gedung Grha BNI, Jl. Jenderal Sudirman Kav. 1, Jakarta Pusat 10220 | Tel. +62-21-2511946 |
| BRI | Gedung BRI, Jl. Jenderal Sudirman Kav.44-46, Jakarta 10210 Indonesia | Tel. (62-21) 2510244, 2510254, 2510264, 2510269, 2510279 Fax. (62-21) 2500065, 2500077 |
| BTPN | Menara BTPN, CBD Mega Kuningan, Jl. Dr. Ide Anak Agung Gde Agung Kav. 5.5 – 5.6, Jakarta 12950 | Tel. +62 21 300 26 200 Fax. +62 21 300 26 309 |
| CIMB Niaga | Graha Cimb Niaga, Jl. Jend. Sudirman Kav. 58, Jakarta Selatan 12190 | Tel. (021) 2505151, 2505252, 2505353 Fax. (021) 2505202, 2505205 |
| Commonwealth Bank | PT Bank Commonwealth, Treasury Tower, lantai 65 Lot. 28 SCBD, Jl. Jenderal Sudirman, Kav 52-54, Jakarta 12190 | Tel. (021) 5096 0000, (021) 5096 0140 |
| Danamon | Menara Bank Danamon, Jl. HR. Rasuna Said Blok C No. 10, Karet – Setiabudi, Jakarta - Indonesia 12920 | Tel. (021) 57991001-3, 5770160-61, 5740858-80 Fax. (021) 57991161 |
| DBS | DBS Bank Tower, Lantai 33–37, Ciputra World 1, Jl. Prof. Dr. Satrio Kav. 3-5 | Tel. (021) 2988 5000 Fax. (021) 2988 5005 |
| HSBC | World Trade Center, Jl. Jend. Sudirman Kav. 29-31, Jakarta Selatan 12920 | Tel. (021) 5246360 Fax. (021) 5211103 |
| Indo Premier | Pacific Century Place 16/F SCBD Lot 10, Jl. Jend. Sudirman Kav. 52-53, Jakarta 12190 | Tel. +6221 5088 7200, +6221 5086 0608 |
| KEB Hana | Mangkuluhur City Tower I Lt. GF, Mezzanine 2, 9, 10, 11, 12, 15, 16, Jl. Gatot Subroto No.38 No.Kav. 1 Floor, Karet Semanggi, Kecamatan Setiabudi, Kota Jakarta Selatan, Daerah Khusus Ibukota Jakarta 12930 | Tel: (021) 50811111 |
| Mandiri Sekuritas | Menara Mandiri 1 Lt. 24 - 25, Jl. Jend. Sudirman Kav. 54 - 55, Jakarta 12190, Indonesia | Tel. (021) 526 3445 Fax. (021) 526 3521 |
| Maybank | Sentral Senayan ( SS ) III. Jl. Asia Afrika no. 8. Gelora Bung Karno Senayan, Kelurahan Gelora Kecamatan Tanah Abang, Jakarta Pusat, DKI Jakarta Raya, 10270 | Tel. 021-2922-8888 |
| Neo Commerce | Treasury Tower Lt. 60 District 8 Lot 28 Jl. Jend Sudirman Kav 52-53 Senayan, Kebayoran Baru Jakarta Selatan 12190 | Tel. (021) 27094950 / 27094951 |
| OCBC | OCBC NISP Tower, Jl. Prof.Dr. Satrio Kav. 25, Jakarta Selatan, JK 12950 | Tel. (021) 25533888 Fax. (021) 57944000 |
| Standard Chartered Bank | Menara Standard Chartered Bank, Jl Prof Dr Satrio No. 164, Jakarta 12930 | Tel. (021) 57 999 888 |
| Tanamduit | Le Aman Office Duta Mas Fatmawati Blok D2 No. 9-10, Jl RS Fatmawati Raya No. 39 Jakarta Selatan 12150 | Tel: (021) 39730200 |
| Trimegah | Gedung Artha Graha Lantai 18 & 19, Jl. Jend. Sudirman Kav. 52-53, Jakarta 12190 | Tel. +62 21 2924 9088, +62 21 2924 9150 |
| UOB | UOB Plaza, Jl. M.H. Thamrin No.10 Jakarta Pusat 10230 | Tel. (021) 23506000 |
Our history
We were one of the first investment management firms to offer investors direct access to a broad group of emerging economies and today we continue to innovate. The launch of Ashmore Investment Management Indonesia (AAMI) in 2012 was an important step in this development. We pioneered investment in Emerging Markets at a time when the so-called ‘Third World’ countries were considered by many to be unusual and risky. We believed strongly then in the potential of ‘Emerging’ Markets and we continue to believe in their importance as a major asset class.
- Sell 87,709 shares, representing 17% of the capital of PT Buka Investasi Digital (BID), to PT Bukalapak.com Tbk 14 September 2023
- Launch of first Shariah based equity mandate discretionary fund on 21 February 2022
- Establishment of Buka Investasi Digital on 28 March 2022
- Launch of first Shariah mutual fund (Ashmore Dana Pasar Uang Syariah) on 28 June 2022
- Launch of the First ESG Mandate Discretionary Fund on 1 April 2021
- Launch Ashmore Dana Equity Sustainable Fund on 27 October 2021
- Investment in Buka Investasi Bersama on 8 Desember 2020
- AAMI lists its shares on the Indonesia Stock Exchange on 14 January 2020.
AAMI launches its first actively managed Exchange Traded Fund (ETF).
AAMI launches its first Capital Protected Fund: Ashmore Dana Terproteksi Nusantara.
AAMI Launches a US dollar-denominated debt fund: Ashmore Dana USD Nusantara.
AAMI launches its two first equity funds: Ashmore Dana Ekuitas Nusantara (ADEN) and Ashmore Dana Progresif Nusantara (ADPN).
Ashmore opens an office in Jakarta, PT Ashmore Asset Management Indonesia (AAMI).