Distributors: Banks turn to emerging affluent in Indonesia

Waite, Suzy
October 2013
Asian Investor;Oct2013, p1
The article reports that overseas banking firms are focusing on Indonesia's growing middle class to develop an onshore wealth management industry. It states that the international banks are targeting individual with net assets worth more than one million dollars to develop onshore private banking businesses. It informs that Indonesia has been one of the most sustainable markets in the Asia-Pacific region with 18 percent increase in number of Indonesian high-net-worth individuals.


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