Posted inBusiness moves

Fullerton launches Indonesian firm with Stockbit

Fullerton had earlier signed a strategic partnership with Indonesia's Stockbit.

Indonesia’s digital wealth platform Stockbit and Singapore’s Fullerton Fund Management have launched Grow Investments Indonesia.

The new firm, which will be helmed by Yenwy Wongso as president director, will offer a range of products to investors ranging from retail to institutional.

Wongso previously worked at Fullerton as well as Ashmore Asset Management.

Stockbit and Fullerton signed a strategic partnership in May this year.

“With the rapid economic growth that Indonesia is experiencing, individual and institutional investors’ requirements are becoming more sophisticated. Grow Investments is deeply committed to creating quality investment solutions to help investors meet their investment objectives. In doing so, we offer diversified and differentiated solutions that combine global expertise and local insights to address the current gaps in the market,” said Wongso.

Part of the Mark Allen Group.