Manulife Asset Management Indonesia (MAMI) is on a roll. After a strong year for asset building in 2011, the firm has brought in Nurdiaz ‘Alvin’ Pattisahusiwa as chief investment officer from BNP Paribas Investment Partners in Jakarta, where he was head of equities.
He left BNPP IP in August to be replaced by equity fund manager Mohammad Anggun, and started in his new post on February 1.
Pattisahusiwa now reports to Legowo Kusumonegoro, president director of MAMI, who had been acting CIO since the departure of Raymond Gin. Gin relocated to Singapore in March 2011 as managing director of business development for Asia.
MAMI’s team of 12 equity and fixed-income professionals managed Rp36.2 trillion ($4.04 billion) in assets (including discretionary mandates and mutual funds) as of December 31, up 28% from Rp28.3 trillion at the end of 2010. That makes it the country’s biggest asset manager by AUM after Schroders.
Meanwhile, BNPP IP’s Indonesian business also saw president director Tino Moorrees leave in September to become CEO of BNPP IP Japan. Moorrees was replaced by Vivian Secakusuma, previously director for sales and marketing, who has been with the firm since 2003.
Indonesia is a central part of the firm’s regional growth plans, notes Michael Dommermuth, president of Asia at Manulife AM in Hong Kong. “With a doubling of the country’s GDP expected over the next five years and the recent upgrade to investment-grade status of its sovereign debt,” he adds, “the future looks bright for Indonesia.”