Indonesia lures bulge-bracket investment banks

Goldman Sachs's move to buy a local Indonesian brokerage is just the latest sign that foreign bankers are increasing their presence in Indonesia.

Indonesia lures bulge-bracket investment banks
Photo: AFP

The resurgence of investor interest in Indonesia during the past three years has excited investment banks and prompted a minor frenzy of activity as they jostle for position in a market that many bankers once sneered at.

Perhaps the clearest sign of Indonesia’s prominence in investment bankers’ plans is the intention of Goldman Sachs to spread its tentacles in the country. The US bank doesn’t have much of a history in Indonesia, but news emerged...

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