Indonesian banking

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.
<div style="text-align:right; font-size:7pt; color:rgb(119, 119, 119);">
Photo: AFP</div>
<div style="text-align:right; font-size:7pt; color:rgb(119, 119, 119);"> Photo: AFP</div>

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 this week that it is in talks to buy Tiga Pilar Sekuritas, a Jakarta-based brokerage, which would allow it to get involved in the local equity market, both in terms of underwriting issuance and buying...

¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222