Warta Ekonomi, Jakarta – PT Surya Timur Alam Raya Asset Management, a leading investment manager that is growing rapidly in Indonesia, announced the appointment of Hanif Mantiq as the new President Director of STAR AM, effective January 15 2024.

Hanif Mantiq, who previously served as Chief Marketing Officer, continued his leadership as President Director of STAR AM replacing Reita Farianti Ferandina, who was subsequently appointed and served as President Commissioner of STAR AM.

Under the new leadership of Hanif Mantiq, STAR AM aims to achieve higher progress and growth, especially by utilizing the success of several of its flagship mutual fund products, namely the STAR Infobank15 Index Mutual Fund and the STAR Stable Income Fund Mutual Fund.

STAR Infobank15 has performed very well, consistently outperforming the IHSG index, while STAR Stable Income Fund has had high growth in managed funds in the last three years.

Apart from that, the latest from STAR AM and in the context of developing sharia-based mutual funds, STAR AM launched the STAR Stable Amanah Sukuk Mutual Fund which was also able to show quite positive performance starting 2024.

to the wider community, Mr. Hanif Mantiq's leadership will continue STAR AM's commitment to continue to grow by expanding the reach of its distribution partners, both through banking, securities companies, and online-based investment platforms.

These partnerships include insurance, pension funds, foundations and corporations to market STAR AM's flagship mutual fund products, including Securities Portfolios for Individual Customer Benefits ("KPD") which have unique investment solutions that adapt to the risk profile and financial needs of customers.

STAR AM is making this strategic step the next growth driver because STAR AM has strong aspirations to continue to develop into one of the leading Investment Managers in Indonesia and reach the top 10 position based on total funds under management.

Hanif Mantiq has extensive and extensive experience and a successful track record in the financial sector. His appointment is seen as a strategic move to take STAR AM through its next phase of growth and innovation.

Prior to his career at STAR AM, Hanif Mantiq had more than 20 years of experience in the capital markets industry and real sector, with various positions that supported him to have extensive knowledge and application of related industries, including serving as Chief Executive Officer at PT Jasa Sarana , President Director at PT Avrist Asset Management, Head of Investment at PT BNI Asset Management, Equity Fund Manager at PT Mandiri Manajemen Investasi, Assistant Portfolio Manager at PT PNM Investment Management, and Equity Dealer at PT Jamsostek (Persero).

Hanif Mantiq expressed his enthusiasm about his new role, “I am honored to lead STAR AM, a company known for its innovation and strong performance in the investment management sector. We will continue to focus on providing the best added value to our clients, expanding our reach through strategic partnerships, and embracing digital transformation to meet evolving investor needs. "We hope that STAR AM can continue to develop towards the 10 largest Investment Manager companies in Indonesia by prioritizing the best service for all customer segments, innovative products and expanding our product distribution channels."