Try GOLD - Free

Demand Up For Wealth Management In Indonesia, Says OCBC

The Straits Times

|

September 10, 2025

Interest driven by growing middle-class population with higher disposable income

- Sheila Chiang

Demand Up For Wealth Management In Indonesia, Says OCBC

JAKARTA - OCBC, Singapore's second-largest bank by assets, said that demand for wealth management services is rising in Indonesia, driven by wealthier folks and increased awareness about financial planning.

OCBC Indonesia director Johannes Husin said a growing middle-class population with increased disposable income and seeking professional guidance for wealth management is driving the demand.

There is also increased awareness among Indonesians about financial planning and investment diversification, while the younger generation's preference for digital solutions also leads to the emergence of online wealth management platforms, he said.

"In the past few years, we have seen that deposit funding, assets under management, with regard to investments in the Indonesian market, have grown significantly. It is proof that the efforts by the Indonesian regulators to deepen the financial market are working effectively."

Speaking to The Straits Times at Fairmont Hotel in Senayan business district, Mr Husin said the "new riches" in Indonesia rose sharply in the past few years.

This was accelerated by the Covid-19 pandemic, where a lot of money was saved up, he said.

MORE STORIES FROM The Straits Times

The Straits Times

The Straits Times

Singapore can tackle deeper forms of stigma through empowerment

In recent years, Singapore has made important strides in addressing mental health stigma.

time to read

3 mins

October 13, 2025

The Straits Times

Bonfire of the middle managers

Why firms are 'delayering'.

time to read

3 mins

October 13, 2025

The Straits Times

Insurance A balanced picture of ILPs and financial advisers needed

Recent articles have drawn attention to investment-linked insurance plans (ILPs).

time to read

1 mins

October 13, 2025

The Straits Times

The Straits Times

New bus services by end-2025 for areas farther away from city

Residents in areas like Bt Panjang, Punggol and Tengah can get to MRT stations faster

time to read

4 mins

October 13, 2025

The Straits Times

Community health posts to be enhanced to bring services closer to residents

Community health posts will offer enhanced services from 2026, starting with those in the north of Singapore where there is a higher prevalence of chronic illness, said Health Minister Ong Ye Kung.

time to read

2 mins

October 13, 2025

The Straits Times

Should S'pore compel insurers to report ransomware incidents?

Move would help to increase visibility and understanding of full scale of cyber threats

time to read

3 mins

October 13, 2025

The Straits Times

The Straits Times

Diane Keaton charmed with kooky roles such as Annie Hall

Diane Keaton, the quirky American actress who won an Academy Award and captured hearts with her endearing performance as American director-actor Woody Allen’s eccentric, insecure girlfriend in the 1977 romantic comedy Annie Hall, has died at the age of 79, People reported on Oct Il, citing a family spokesperson.

time to read

3 mins

October 13, 2025

The Straits Times

The Straits Times

Welcomed reunion on a stunning stage

Twice's Jeongyeon, whose appearance had been uncertain, took the stage with her fellow members at the Singapore Indoor Stadium

time to read

3 mins

October 13, 2025

The Straits Times

The Straits Times

Pews to power: Churches fight to keep grip on Korean politics

After a series of scandals, South Korea is seeing a backlash against the influence some churches have had on politicians.

time to read

6 mins

October 13, 2025

The Straits Times

The Straits Times

Curved lines, cosy vibes

Grovve and the revamped Chat are among the venues whose designs aim to better support young people in a range of often-invisible needs

time to read

4 mins

October 13, 2025

Listen

Translate

Share

-
+

Change font size