Gronghui, December 16 | According to Reuters, global asset management firm Schroder is considering selling its Indonesian business, managing assets of around $4 billion. At least four asset management companies, including HSBC, Allianz and Bank Negara Indonesia, have expressed initial interest. Sources said the move was part of Schroder's new president Richard Oldfield's plan to push ahead with a business restructuring plan after taking office, with the aim of reducing underperforming market business. According to reports, Schroder has hired a team of consultants, including UBS Group, to help it advance the potential sale of its Indonesian business. A Schroder spokesperson declined to comment on specific market rumors, but responded: “We are always in dialogue with potential partners to ensure continued excellent service and value for our customers.”