DBS Treasures Private Client and Bahana TCW Investment present PDNI to help private banking clients manage their investments | Bahasa
Indonesia.08 Nov 2023.3 min read
Strategic collaboration to facilitate US dollar-denominated individual investment fund management
PDNI expands DBS Treasures Private Client's opportunity to invest on a global scale exclusively and transparently
Indonesia, 08 Nov 2023 - DBS Treasures Private Client collaborates with Bahana TCW Investment Management to offer Individual Customer Fund Management (PDNI), also known as Fund Management Contract (KPD). Through this collaboration, DBS Treasures Private Client customers can invest on a global scale through Bahana TCW as investment managers (MI) by means of bilateral agreements. The US dollar-denominated product will invest funds from customers in various products of seasoned global financial institutions such as Goldman Sachs to ensure that clients enjoy competitive returns in accordance with the development of global economic conditions. The product also offers protection and assurances of customer assets. Present for the signing of the memorandum of understanding were PT Bank DBS Indonesia Consumer Banking Director Rudy Tandjung and Bahana TCW Investment Management Director Doni Firdaus.
Director of Consumer Banking PT Bank DBS Indonesia Rudy Tandjung said, "As a trusted wealth management partner, DBS Treasures Private Client is committed to providing curated solutions across generations, including by enhancing investment options that are tailored to suit the unique needs of each customer while providing exclusive portfolio management for wealth preservation. We hope that the expanded opportunities to invest on a global scale through PDNI will enable our clients to achieve their financial aspirations so that they can 'Live more, Bank less’."
With a minimum fund placement of Rp5 billion, PDNI offers three benefits, namely exclusivity – the managed portfolio only involves a bilateral contract between the investment manager and the investor; customization – personalized service to suit the needs, preferences, and risk profile of the investor, ensuring that every investment product and advisory offered is aligned with the customer's financial goals; transparency – every transaction, including a visible fee structure, can be monitored regularly, allowing clients to evaluate their portfolio performance and make more informed decisions.
"As an investment manager with more than 28 years of experience, the launch of PDNI has further strengthened our commitment to providing a variety of high-quality and optimally diversified investment solutions," said Bahana TCW Investment Management Director Doni Firdaus. "We are excited to collaborate with DBS Treasures Private Client to bring this service to private banking customers and further strengthen our strategic partnership with Bank DBS Indonesia," he added.
Bahana TCW Investment and Bank DBS Indonesia have successfully launched several Offshore Sharia Mutual Funds, the latest being Bahana Global Healthcare Sharia USD Equity which was launched in 2022. Bahana Global Healthcare Sharia USD Equity is a sharia investment instrument that focuses on the healthcare sector industry in offshore markets and integrates environmental, social, and governmental (ESG) aspects in its management.
So far this year, Bank DBS Indonesia through the DBS Treasures Private Client’s private banking segment has posted a 37 percent annual growth in total assets under management (AUM). This rapid growth was accompanied by the growing customers’ need to manage their funds amidst the increased complexity of financial information and the fast-paced global economy.
About DBS
DBS is a leading financial services group in Asia with a presence in 19 countries. Headquartered and listed in Singapore, DBS is in the three kay Asian axes of major: China, Southeast Asia, and South Asia. The bank’s "AA-" and "Aa1" credit ratings are among the highest in the world.
Recognised for its global leadership, DBS has been named "World's Best Bank" by Global Finance, "World's Best Bank" by Euromoney and "Global Bank of the Year" by The Banker. DBS is at the forefront of utilising digital technology to shape the future of banking, having been named "World's Best Digital Bank" by Euromoney and "Most Innovative in Digital Banking" in the world by The Banker. In addition, DBS has been accorded the "Safest Bank in Asia" award by Global Finance for 15 consecutive years from 2009 to 2023.
DBS provides a full range of services in consumer, SME and corporate banking. As a bank born and bred in Asia, DBS understands the intricacies of doing business in the region's most dynamic markets.
DBS is committed to building lasting relationships with customers as it banks the Asian way. Through the DBS Foundation, the bank creates a positive impact that goes beyond banking by supporting social enterprises: businesses that focus on balancing profit and social and/or environmental impact. The DBS Foundation also contributes to society in various ways, including equipping communities with future-ready skills and building food resilience.
With an extensive network of operations in Asia and emphasis on engaging and empowering its staff, DBS presents exciting career opportunities. For more information, please visit www.dbs.com.
Director of Consumer Banking PT Bank DBS Indonesia Rudy Tandjung said, "As a trusted wealth management partner, DBS Treasures Private Client is committed to providing curated solutions across generations, including by enhancing investment options that are tailored to suit the unique needs of each customer while providing exclusive portfolio management for wealth preservation. We hope that the expanded opportunities to invest on a global scale through PDNI will enable our clients to achieve their financial aspirations so that they can 'Live more, Bank less’."
With a minimum fund placement of Rp5 billion, PDNI offers three benefits, namely exclusivity – the managed portfolio only involves a bilateral contract between the investment manager and the investor; customization – personalized service to suit the needs, preferences, and risk profile of the investor, ensuring that every investment product and advisory offered is aligned with the customer's financial goals; transparency – every transaction, including a visible fee structure, can be monitored regularly, allowing clients to evaluate their portfolio performance and make more informed decisions.
"As an investment manager with more than 28 years of experience, the launch of PDNI has further strengthened our commitment to providing a variety of high-quality and optimally diversified investment solutions," said Bahana TCW Investment Management Director Doni Firdaus. "We are excited to collaborate with DBS Treasures Private Client to bring this service to private banking customers and further strengthen our strategic partnership with Bank DBS Indonesia," he added.
Bahana TCW Investment and Bank DBS Indonesia have successfully launched several Offshore Sharia Mutual Funds, the latest being Bahana Global Healthcare Sharia USD Equity which was launched in 2022. Bahana Global Healthcare Sharia USD Equity is a sharia investment instrument that focuses on the healthcare sector industry in offshore markets and integrates environmental, social, and governmental (ESG) aspects in its management.
So far this year, Bank DBS Indonesia through the DBS Treasures Private Client’s private banking segment has posted a 37 percent annual growth in total assets under management (AUM). This rapid growth was accompanied by the growing customers’ need to manage their funds amidst the increased complexity of financial information and the fast-paced global economy.
About DBS
DBS is a leading financial services group in Asia with a presence in 19 countries. Headquartered and listed in Singapore, DBS is in the three kay Asian axes of major: China, Southeast Asia, and South Asia. The bank’s "AA-" and "Aa1" credit ratings are among the highest in the world.
Recognised for its global leadership, DBS has been named "World's Best Bank" by Global Finance, "World's Best Bank" by Euromoney and "Global Bank of the Year" by The Banker. DBS is at the forefront of utilising digital technology to shape the future of banking, having been named "World's Best Digital Bank" by Euromoney and "Most Innovative in Digital Banking" in the world by The Banker. In addition, DBS has been accorded the "Safest Bank in Asia" award by Global Finance for 15 consecutive years from 2009 to 2023.
DBS provides a full range of services in consumer, SME and corporate banking. As a bank born and bred in Asia, DBS understands the intricacies of doing business in the region's most dynamic markets.
DBS is committed to building lasting relationships with customers as it banks the Asian way. Through the DBS Foundation, the bank creates a positive impact that goes beyond banking by supporting social enterprises: businesses that focus on balancing profit and social and/or environmental impact. The DBS Foundation also contributes to society in various ways, including equipping communities with future-ready skills and building food resilience.
With an extensive network of operations in Asia and emphasis on engaging and empowering its staff, DBS presents exciting career opportunities. For more information, please visit www.dbs.com.
