Why has PT First State Investments Indonesia (“FSII”) changed its name?
PT Commonwealth Life (“PTCL”) as the controlling shareholder of FSII has been acquired by PT FWD Life Indonesia (“FWD Life”). Both PTCL and FWD Life are now part of FWD Group.
To reflect the change of ownership, FWD Life has renamed PTCL as PT FWD Insurance Indonesia (“FWD Insurance”). With the name change of PTCL as the controlling shareholder of FSII, FSII is also rebranded as PT FWD Asset Management (“FWD Asset Management”).
Now that FSII has changed its name to FWD Asset Management, what will happen to my investments?
The change of name does not affect the value of your investments or the terms and conditions of your investment with us. All investments in our mutual funds and discretionary funds will continue to be managed by our existing team.
Can you tell me more about FWD Life?
FWD Life is a joint-venture insurance company and a part of FWD Group. Products offered include unit-linked insurance, individual & group term life insurance, individual & group personal accident insurance, and group medical insurance through technology driven-distributions such as agency, bancassurance, e-commerce and corporate.
For more information, please visit www.fwd.co.id
Can I have more information about the FWD Group?
Established in Asia in 2013, FWD is the insurance business of investment group, Pacific Century Group.
The FWD Group spans Hong Kong and Macau, Thailand, Indonesia, the Philippines, Singapore, Vietnam, Japan, and Malaysia, offering life and medical insurance, general insurance, employee benefits, and Shariah and family takaful products across a number of its markets. FWD is focused on creating fresh customer experiences, with easy-to-understand products, supported by digital technology. Through this customer-led approach, FWD aims to become a leading pan-Asian insurer that changes the way people feel about insurance.
FWD Group currently serves more than 7.5 million customers and has over 6,200 employees across the Asia-Pacific region. As of end Q4 2019, FWD Group had total assets of more than US$50.9 billion.
For more information, please visit www.fwd.com