Fullerton Fund Catapults Stockbit Business Expansion Ambition

PT Stockbit Investa Bersama (Stockbit) and Singapore's Fullerton Fund Management Company Ltd have entered into a strategic partnership to address the wealth management needs of Indonesian investors.

Stockbit and Fullerton have jointly acquired PT Ayers Asia Asset Management, an Indonesian asset management firm based in Jakarta. With this acquisition, they will collaborate to manufacture and distribute quality investment solutions for a wider spectrum of investors across retail, intermediaries, and institutions. 

"We are delighted to partner with Fullerton, an award-winning fund manager with deep investment expertise and a strong focus on risk management. We believe Fullerton's strong track record to deliver quality investment solutions will benefit investors in Indonesia," said Sigit Kouwagam, CEO and Co-founder of Stockbit, on Tuesday.

Jenny Sofian, CEO of Fullerton Fund Management, said Fullerton is excited to enter the Indonesian market with Stockbit, a fast-growing fintech player with a prominent brand and deep understanding of the diverse needs of investors in Indonesia.

"Their ambition to make investment solutions widely accessible complements our commitment to design quality offerings to meet the needs of this rapidly expanding and dynamic market," Jenny said.