JAKARTA, RAKYAT NEWS- In a recent market outlook event in Jakarta, Michael T. Tjoajadi, President Director of Schroders Indonesia, highlighted the potential of family offices as clients if introduced in Indonesia. Family offices are financial entities designed to manage the wealth of high net worth individuals or families.

Schroders is a global asset management company headquartered in London, United Kingdom. It provides a wide range of investment products and services to institutional and retail clients, including asset management, wealth management, and private banking. Schroders operates internationally with offices in major financial centers around the world, managing assets across various asset classes such as equities, fixed income, and alternatives.

“Tjoajadi emphasized that this segment of wealth cannot compete with traditional fund managers, as these funds are invested and managed separately,” he said.

He cited family offices currently in Singapore as examples, where families or specific groups set up funds under legislation.

In Singapore, the rules governing family offices fall under the jurisdiction of the Monetary Authority of Singapore (MAS).

Meanwhile, private equity companies in Indonesia operate as separate limited companies and are not regulated by the Financial Services Authority (OJK).

Before implementing family office schemes or family-based fund management, Bhima Yudhistira, Executive Director of the Center for Economic and Law Studies (Celios), recommended that the government harmonize and tighten anti-money laundering regulations.

President Joko Widodo (Jokowi) instructed Coordinating Minister for Maritime Affairs and Investment Luhut Binsar Pandjaitan to establish a task force to design and prepare the implementation of family office investment schemes. (Uki Ruknuddin)