Mr. Oentung would oversee the equity team and help manage $1.94 billion in assets

PT. Manulife Aset Manajemen Indonesia (MAMI) has appointed Nicolaos Oentung as Head of Equities. Mr. Oentung, based in Jakarta, will oversee the equity team and help manage IDR20.5 trillion ($1.94 billion) in assets.

Mr. Oentung reports to Colin Ng, Head of Asia Pacific Equities, in Hong Kong, feeding into MFC Global Investment Management’s Asia Pacific Equity investment strategy, and Raymond Gin, Chief Investment Officer of PT. Manulife Aset Manajemen Indonesia, responsible for the country’s equity portfolios.

Mr. Oentung has previously served as Senior Research Analyst with CLSA in Indonesia. Prior to CLSA, he worked at Merrill Lynch Indonesia and Bahana Securities. In these roles, he led the investment research in areas such as auto, banking and consumer sectors in Indonesia.

The company is also expanding its third party institutional business with the appointment of Melinda Wiria as Head of institutional sales.