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AXA Asset Management rebrands itself as Architas Indonesia
AXA Asset Management Indonesia has changed its name to Architas Asset Management Indonesia in an effort to integrate AXA’s investment management and consultation services.
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PT AXA Asset Management Indonesia announced on Monday that it had changed its name to PT Architas Asset Management Indonesia. Architas Indonesia managed Rp 3.44 trillion ($243.71 million) in funds and Rp 1.1 trillion worth of assets under advisory as of April. (Courtesy of Architas Indonesia/-)
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nvestment management company PT AXA Asset Management Indonesia has changed its name to PT Architas Asset Management Indonesia in an effort to integrate AXA’s investment management and consultation services.
Architas Indonesia president director Edhi Widjojo said on Monday that the change in its identity would accelerate the company’s market expansion and the creation of new products.
“We want this opportunity to allow us to develop and grow better as an investment manager business in Indonesia,” he said in a press statement.
He went on to say that the name change would not affect the company’s existing products and services for consumers.
Architas, which is part of Paris-based AXA Group, manages more than 35 billion euros (US$39.43 billion) in investment funds, with Europe, especially Britain, being its largest market.
“Indonesia is one of Architas’ priority markets in Asia. We hope to provide more products and a greater variety of services for our consumers,” said Architas CEO Matthieu Andre.
Architas Indonesia managed Rp 3.44 trillion ($243.71 million) in funds and Rp 1.1 trillion worth of assets under advisory as of April. It offers a multimanager portfolio, such as its latest investment fund product ‘Maestrolink Equity Plus’ and mutual funds products like AXA MaestroObligasi Plus and MaestroDollar.
Edhi expressed optimism that mutual funds were still a promising long-term investment option, on the assumption that market conditions and investment instruments gradually improve after the pandemic subsides. (eyc)
