Jefferies to Distribute Equity Research on Companies in Indonesia Through Alliance with Mandiri Sekuritas
June 15 2017 - 8:00AM
Business Wire
Jefferies today announced that it has entered into an alliance
with Mandiri Sekuritas in Indonesia. Under the agreement, Mandiri
Sekuritas will provide equity research on companies in Indonesia
which Jefferies will distribute on a co-branded basis to the firm’s
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 recognized
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, Chief Executive Officer of Jefferies Asia,
commented, “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," added 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,” said Silvano
Rumantir, President Director at Mandiri Sekuritas.
Not including the research alliances, Jefferies’ global equity
research business consists of 120 publishing analysts covering
nearly 2,000 stocks from research centres in Frankfurt, London,
Hong Kong, Mumbai, Singapore, Tokyo, Boston, Houston, Nashville,
New York and San Francisco. The firm’s global coverage includes
Economics & Strategy, Business Services, Consumer, Energy,
Financial Services, Insurance, Healthcare, Industrials, Internet
and Interactive Entertainment, Maritime, Media, Metals &
Mining, MLPs, REITs, Technology, Telecommunications, Travel &
Leisure and Utilities.
To learn more about Jefferies equity research capabilities or to
receive Jefferies research, please contact your Jefferies
representative.
About Jefferies
Jefferies, the world's only independent full-service global
investment banking firm focused on serving clients for over 50
years, is a leader in providing insight, expertise and execution to
investors, companies and governments. Our firm provides a full
range of investment banking, sales, trading, research and strategy
across the spectrum of equities, fixed income and foreign exchange,
as well as wealth management, in the Americas, Europe and Asia.
Jefferies Group LLC is a wholly-owned subsidiary of Leucadia
National Corporation (NYSE:LUK), a diversified holding company.
About Mandiri Sekuritas
Mandiri Sekuritas, the most active local brokerage and one of
the leading investment banks in Indonesia, is a subsidiary of Bank
Mandiri (Persero) Tbk. It started its operations as a stock broker
company in 1991 under the name PT Merincorp Securities Indonesia
before it changed into PT Mandiri Sekuritas on July 31, 2000.
Mandiri Sekuritas provides a full range of Securities Underwriting,
Corporate Finance, Securities Brokerage (institution, retail and
online trading), Research and Investment Management (through
subsidiary of PT. Mandiri Investasi) with some innovative products
and proven track record. Mandiri Sekuritas is supported by first
rate research capabilities (economic, equity and fixed income
research), strong operational support, integrated and up-to-date IT
systems, and strict and prudent risk management practices, and also
the implementation of Good Corporate Governance GCG, and Business
Continuity Plan (BCP) programs. For more information about Mandiri
Sekuritas, please visit www.mandirisekuritas.co.id
View source
version on businesswire.com: http://www.businesswire.com/news/home/20170615005283/en/
Jefferies:Richard Khaleel, +1
212-284-2556rkhaleel@jefferies.comorMandiri
Sekuritas:Yolanda Nainggolan, +62 8111 606
777yolanda.nainggolan@mandirisek.co.id
Leucadia (NYSE:LUK)
Historical Stock Chart
From Aug 2024 to Sep 2024
Leucadia (NYSE:LUK)
Historical Stock Chart
From Sep 2023 to Sep 2024