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Indonesian Wealth Management Forum 2019 - Highlights - Kenneth Ho

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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?

Indonesia presents a huge amount of opportunities right now in particular, given all the troubles that we're seeing in North Asia. But even before then, we've seen a lot of the high-tech, ultra-high net worth guys beginning to look at Indonesia. We look at it from an investment opportunity perspective. There's tons of investment and growth opportunities for investing into this particular market. As such, we've already seen the size of the ultra-high net worth market growing quite a bit. Whereas in the past, it was very much just a few families, now it's grown tremendously across the board to a new generation. Thirdly, we see a lot of interest in terms of trying to grow the market from a regulatory standpoint, and we want to be part of that. So, we've been very actively talking to a lot of the players, the regulatory guys that we ourselves have been team at with someone in Indonesia, which is Heritage Amanah.

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