Investments

Citi partners with Ashmore Asset Management in Indonesia

Citi’s Indonesian business has signed a memorandum of understanding with Ashmore Asset Management to broaden fund offerings for customers, according to local media reports.

The relationship will begin with Citi marketing one of Ashmore’s fund products.

The move is part of what Citi said in local media is its commitment to providing investment solutions for its wealth management customers in the country.

With Ashmore’s products, the bank’s customers will get access to more options in terms of asset classes.