DBS Indonesia launches SGD portfolio service for wealthy clients

Mandiri Investasi will manage funds across bonds, equities, and gold.

PT Bank DBS Indonesia has launched a Singapore dollar (SGD)-denominated portfolio management referral service for affluent and high-net-worth clients seeking to diversify investments across fixed income, equities, and commodities.

“Superior wealth management is not simply about providing access to investment products; it is about delivering personalised solutions that are genuinely relevant to each client's unique needs,” Melfrida Gultom, director of Consumer Banking Group at PT Bank DBS Indonesia, told Asian Banking & Finance.

Eligible clients can refer their funds to PT Mandiri Manajemen Investasi for individual or discretionary portfolio management, with the investment manager managing the money according to each client's objectives, risk profile, and agreed terms, Gultom said.

The service focuses on the Singapore dollar as Indonesian high-net-worth investors increasingly consider the currency when building portfolios, she said.

DBS uses market research and global economic data, including exchange-rate trends, to develop investment strategies for clients.

The portfolio covers fixed income through bond management, large-cap equities, and gold as a commodity diversification option, Gultom said.

Bank DBS Indonesia also provides market insights and research from its Singapore-based parent DBS Group Holdings Ltd. to help clients assess global market conditions, she added.

Clients with existing SGD savings can have those funds managed across multiple asset classes through the service.

“Through this collaboration, clients have the opportunity to diversify their assets in SGD and optimise the potential offered by SGD exchange rate movements, making their portfolios more resilient,” Gultom said in an email.

Mandiri Investasi, part of Indonesia's state-owned Bank Mandiri group, has more than 21 years of investment management experience and manages more than $3.5b (IDR62t) in assets.