BNP Paribas and Trimegah Sekuritas Indonesia sign exclusive research agreement - BNP Paribas Asia Pacific
BNP Paribas in Asia Pacific News & Press
""
March 31, 2017 -

BNP Paribas and Trimegah Sekuritas Indonesia sign exclusive research agreement

Forward to a friendForward to a friend PrintPrint

BNP Paribas and PT Trimegah Sekuritas Indonesia Tbk (Trimegah) today announced an exclusive agreement to jointly produce equities research for global institutional investors.

In line with BNP Paribas’ commitment to the Indonesian market, the agreement will see the Bank’s local research immediately reach a Tier 1 level, with a wide range of Indonesia-listed equities covered by Trimegah’s team of leading analysts.

Commenting on the agreement, BNP Paribas Indonesia Country Head Luc Cardyn said: “Indonesia is a fast-growing market where we have been working hard to create a strong local franchise. This partnership strengthens our commitment to Indonesia, its growing economy and Indonesian corporates. We will offer our institutional clients across the world, in-depth intelligence about the Indonesian market. It will also add value for our corporate clients, by deepening our access to the local market and expanding the range of investment banking services we can provide them, as well as the ability to connect them with our global network.”

Stephanus Turangan, President Director of Trimegah, said: “We are fully committed to investing in our independent research team that provides timely, in-depth analysis of Indonesia’s economy, industries, and publicly-listed companies. This is achieved through our analysis of available data, as well as through our detailed on-the-ground research and primary data gathering, like our proprietary used car price index. Trimegah research currently provides coverage for 67 companies that constitute 75% of JCI market cap. The research team is comprised of 14 fundamental analysts and research associates, making it one of the largest teams in Jakarta.”

On the back of its strong research capabilities, Trimegah has increased its equity trading operations on the Indonesia Stock Exchange, more than tripling its market share in the period from 2013 to 2017 to rank amongst the top ten brokerages in Indonesia as at the end of February. As one of the best-positioned international banks in Asia Pacific, BNP Paribas said having a local partner with Trimegah’s wealth of expertise will unlock significant benefits for its client activities in Indonesia.

For media enquiries, please contact:

BNP Paribas:
Ayesha de Kretser
+852 2108 5458
Ayesha.deKretser@asia.bnpparibas.com
Trimegah:
Agus D Priyambada
+62 21 2924 9088
agusdp@trimegah.com

About PT Trimegah Sekuritas Indonesia Tbk:
Established in May 1990, PT Trimegah Sekuritas Indonesia Tbk is one of the largest and best capitalized fully integrated securities companies in Indonesia. PT Trimegah Sekuritas Indonesia Tbk provides equity brokerage service for retail and institutional clients, facilitates transactions in fixed income instruments, and investment banking service that includes financial advisory services. In 2016, PT Trimegah Sekuritas Indonesia Tbk received several awards including “Best Listed Company 2016 Securities and Mutual Funds Sector” Award by Investor Magazine and “Indonesia Most Innovative Business Award Securities Sector” Award by Warta Ekonomi. PT Trimegah Sekuritas Indonesia Tbk is a Securities Company Member of Indonesia Stock Exchange, licensed, registered and supervised by the Financial Services Authority (OJK).