Deutsche Bank wins custody of two Indonesian funds

IndonesiaDeutsche Bank will provide safekeeping, fund administration and settlement for two funds from Indonesian firm PT Asuransi Cigna.

The Cigna Money Market Fund and Cigna Dynamic Click Fund are unit-linked funds. Deutsche Bank already services 18 unit-linked funds from PT Asuransi Cigna.

“The fact that we are moving all of our unit-linked funds to Deutsche Bank is testament to Deutsche Bank’s service quality and the expertise of their team,” says David Anthony Tobin, chief financial officer at PT Asuransi Cigna.

Established in 1990, PT Asuransi Cigna provides health, life and accident insurance and has more than a million policyholders.

Deutsche Bank says it is the largest domestic fund services provider in Indonesia, according to official data.

©2015 funds global asia

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