Jefferies has entered into a new alliance whereby Mandiri Sekuritas will provide equity research on companies in Indonesia on a co-branded basis to the Jefferies global base of institutional clients.
Mandiri Sekuritas will also provide local equity broking services to Jefferies clients.
Mandiri Sekuritas is one of the leading local brokerage houses in Indonesia. Its longstanding strong position has been recognised by a number of prestigious awards in the industry including an award as the “Best Local Brokerage House” for seven consecutive years by Asiamoney Brokers Poll 2010-2016 and the “Best Equity Capital Market House 2016” by FinanceAsia. Mandiri Sekuritas offers a full range of services supported by the award-winning research team consisting of economics, equity research and fixed income research, covering 80% of the total market capitalization of the Indonesia Stock Exchanges (IDX).
Over the past four years, Jefferies has also formed similar alliances with leading firms in Australia, South Korea, Malaysia, The Philippines, Sri Lanka, Taiwan, Thailand and Vietnam to broaden the firm’s equity research offering to its global client base. These alliances now include over 100 analysts covering more than 700 companies in the Asia Pacific region.
Michael Alexander (pictured), Chief Executive Officer of Jefferies Asia, says: “As part of Jefferies ongoing effort to meet the evolving needs of our global institutional clients, we are very pleased to begin working with Mandiri Sekuritas in Indonesia. This alliance will strengthen Jefferies’ Pan-Asia equities business and further enhance our ability to provide clients with best-in-class strategy and ideas coupled with market-leading execution and distribution.”
“Continuing to meet the needs of Jefferies’ global institutional client base is our top priority, and we remain committed to constantly improving and expanding the firm’s longstanding equity research, sales and trading platform. Working with Mandiri Sekuritas in this alliance is just one of the ways we will continue to strengthen our Asia Pacific business,” adds Peter Forlenza, Global Head of Equities at Jefferies.
“Mandiri Sekuritas is excited to partner with Jefferies as we expect this new relationship will further enhance our strong business by leveraging Jefferies’ global equity distribution platform. We believe this partnership will give positive impact to boost the growth of capital market in Indonesia,” says Silvano Rumantir, President Director at Mandiri Sekuritas.
