credit-suisse-sets-up-brokerage-in-indonesia

Credit Suisse sets up brokerage in Indonesia

The bank joins other foreign brokers operating in Indonesia û a country that has had one of the regionÆs strongest performing stockmarkets over the past two years.
Credit Suisse has started full equity brokerage operations in Indonesia, which includes equity research, sales, trading and execution.

PT Credit Suisse Securities Indonesia, which employs about 20 people, became a full member of the Jakarta Stock Exchange in October and has spent the past few months setting up its team and putting in place its various systems.

This full service offering enables its institutional clients to tap Credit SuisseÆs equity research, global data resources and trading platform.

Kai Nargolwala, chief executive of Credit Suisse Asia-Pacific, says the firm is excited about the prospects of the Indonesian market. The Jakarta Stock Exchange Composite Index gained 52% in 2007, making it the second best performing stockmarket in...
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