Indonesian Wealth Management Forum 2019 - Highlights - Handry Mulyo

Handry Mulyo of Kolega Capital

Oct 20, 2019

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1. What are the challenges and opportunities for this industry?

Video transcript

1. What are the challenges and opportunities for this industry?

The opportunity is quite obvious, is writing the macroeconomic story of Indonesia, I think, the fourth most populous country in the world: mutual fund penetration is very low, and as wealth is growing, the middle-class is increasing, then there's lot of opportunity for wealth managers, for affluent individuals to start investing. The disposable income is going to increase. Investible assets are going to increase. Now, the challenges would be to meet these demands of individuals, of product availability. Also, from talent perspective, it might be challenging to cultivate in the short-term. In my opinion, I think, it has to be done in parallel. There will be a lot of pain along the way, but Indonesia is still a young nation, so the financial industry will grow. It has to grow, otherwise the country's growth will probably be limited, as well.

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