Industry Veteran Alan T. Darmawan Takes Helm at ES Indonesia

02 Mar 2017

Jakarta (2 March 2017) - Eastspring Investments (“Eastspring”), the Asian investment management arm of Prudential plc with USD 140 billion in assets under management and one of Asia’s largest investment managers, today announced that Alan T. Darmawan has been appointed as Chief Executive Officer of Eastspring Investments Indonesia, effective per 1 March 2017, subject to Otoritas Jasa Keuangan (“OJK”) approval.

An industry veteran with 25 years of experience, Mr. Darmawan has had a successful career leading investment and distribution functions for major financial companies in Indonesia. In his role at Eastspring, Mr Darmawan will report to Deputy CEO, Michele Bang, and will be responsible for growing Eastspring’s offering in Indonesia.

Chief Executive of Eastspring, Mr. Guy Strapp commented on the appointment: “I am delighted to welcome Alan to the Eastspring team. Alan is an outstanding investment management executive with a distinguished career and has the skills, experience and personal attributes to successfully lead our business in this important market.”

The same comment is expressed by Rinaldi Mudahar, Prudential Indone-sia Country CEO: "I am very pleased Alan becomes part of Eastspring Investments Indonesia. With his experience and expertise, I am optimistic he will be able to promote stronger collaboration between insurance and asset management business which will further strengthen the position of the Prudential Group as the market leader in Indonesia as well as to serve customers even better.”

A well-known figure in the Indonesian financial services industry, Mr. Darmawan joins Eastspring from Allianz Life Indonesia where he has worked for over 12 years, most recently as the Chief Investment Officer, holding senior roles in market management, bancassurance and risk man-agement as well as being a member of the Board of Directors (BOD).

“Alan’s appointment furthers our progress in building a high calibre executive team and appointing leaders across the business to advance the next phase of our growth strategy. Alan is the ideal leader for our Indonesian business with his deep knowledge and experience of the industry, his strong leadership qualities and commitment to serving clients,” Mr. Strapp added.

About Eastspring Investments:
Eastspring Investments, part of Prudential Corporation Asia, is Prudential's asset management business in Asia. With operations in 10 Asian markets (as well as offices in North America and Europe), we have almost 2,500 employees and US$140.3 billion in assets under management (as at 30 June 2016).

We were named Asia’s leading retail fund manager for 2016 in an annual survey by Asia Asset Management. The annual survey ranks participating fund managers in Asia, ex Japan, Australia and New Zealand, based on assets sourced in the region as of June 30, 2016. For more information on Eastspring Investments, please visit: www.eastspring.com.

PT Eastspring Investments Indonesia is one of largest asset management companies in Indonesia with AuM of more than IDR 55.2 trillion as at 30 Juni 2016. Supported by qualified and experienced professionals in the field of investment management and mutual funds, Eastspring Investments Indonesia is fully committed to provide qualified financial services to meet various investment needs.

Since acquiring its license from the Capital Market and Financial Institution Super-visory Agency in April 2012, PT Eastspring Investments Indonesia, has launched seven mutual funds including two equity mutual funds, three fixed income mutual funds, one money market fund and one sharia fund. Eastspring Investments Indonesia is also committed to continue developing Indonesia’s financial and capital market industry. For more information on Eastspring Investments Indonesia, please visit: www.eastspring.co.id

PT EASTSPRING INVESTMENTS INDONESIA IS AN INVESTMENT MANAGER INSTITUTION THAT IS LICENSED, REGISTERED AND SUPERVISED BY THE INDONESIA FINANCIAL SERVICES AUTHORITY (OJK).

Media Inquiries:
Valentina Widyastuti
Head of Corporate & Marketing Communications
PT Eastspring Investments Indonesia
Phone +62 21 2924 5555
Fax +62 21 2924 5566
Email: valentina.widyastuti@eastspring.com
Website: www.eastspring.co.id

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