This is mostly because of entrepreneurial spirit, privatization of state-owned companies, and economic liberalization since the 1980s.
Additionally, the NDB Private Wealth Center’s one-stop-shop setting has, in a number of important ways, greatly improved the Group’s ability to share research and knowledge.
Total number of registered clients as of June 30, 2017 was 164,728, a 43.4% increase from June 30, 2016.
Although Standard Chartered has been operating in Indonesia for the past 154 years, it is only over the last 14 of these that it has been active in the wealth management space. And Simarno is anxious to make up for lost time.