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Indonesia's top securities house

Article - November 28, 2011
Investment banking, like many other businesses, has experienced a hard time since the global recession erupted, but one bank that is facing adversity head on with innovative financing solutions from the capital markets is PT Mandiri Sekuritas.
A member of the Indonesia Stock Exchange, Mandiri Sekuritas is a one-stop investment banking service provider and offers a full range of integrated investment banking and securities brokerage services. Its services also include Sharia-compliant financing and corporate finance advisories for a wide range of corporate actions, from mergers and acquisitions to financial restructuring and debt refinancing.

In addition, the bank provides investment and asset management services through its wholly owned subsidiary PT Mandiri Manajemen Investasi.

Mandiri Sekuritas was established on July 31, 2000, as part of the consolidation of the Bank Mandiri group of companies. It was significantly recapitalised in 2002 and 2003,and subsequently transformed itself from a marginal player in the Indonesian capital markets into a full-service investment bank.

“Mandiri Sekuritas essentially consists of three securities houses owned by Bank Mandiri. These have merged into one – Mandiri Sekuritas,” says president director Harry M Supoyo. “We hired professionals from outside the firm; we can say that 85 to 90 per cent of the company right now is not our original team. But the beauty of this is that we merged old and new teams well. Human capital plays a very important role for us. Not only did we bring in professionalism, we now grow together as a family.”

In 2003, shareholders injected IDR 638.50 billion (£46.6 million) of capital, which currently makes Mandiri Sekuritas the biggest securities house in Indonesia in terms of equity capital. “Our key mission is to develop the Indonesian capital markets and become the biggest player in every segment of the markets,” says Mr Supoyo.

In the business where an aptitude for value creation distinguishes the best from the rest, Mandiri Sekuritas shines bright as the capital markets’ dynamic powerhouse with its top-of-the-range services in capital raising and project financing.