PT Danareksa Sekuritas and Societe Generale set path for future commercial cooperation

PT Danareksa Sekuritas (“Danareksa”) and Societe Generale Corporate and Investment Banking (“SG CIB”) today announced the signing of a Memorandum of Understanding outlining the principles of the future cooperation in and outside of Indonesia between the two financial institutions in key areas of Investment Banking, such as global markets and other advisory services.

The strengthened relationship will enable the parties to enhance their financial advisory and capital markets offering to Indonesian clients within and outside of Indonesia through commercial cooperation, particularly in infrastructure and energy project finance, as well as debt and capital markets. SG CIB and Danareksa will leverage each other’s expertise in equity and fixed income markets, and will also mutually support global marketing efforts, distribution and research, while also encouraging increased cooperation through staff exchanges.

Commenting on the Memorandum of Understanding, Hikaru Ogata, Chief Executive Officer of Societe Generale Global Banking and Investor Solutions for Asia Pacific, said; “Securing a strategic alliance with a key pioneer and developer of the Indonesian capital market marks a significant step in Societe Generale’s growth strategy within Southeast Asia, and is testament to our commitment to expanding SG CIB’s presence within the region. Danareksa has a great legacy within the market and benefits from a leading position within its field and we look forward to growing our commercial relationship together.”

Marciano H. Herman, President Director of PT Danareksa Sekuritas, also commented, “A strategic alliance with Societe Generale aligns with our strategic positioning as the gatekeeper for foreign investors to invest in the Indonesian market and for domestic investors to invest abroad. We are confident that this agreement will enable us to strengthen our competitive position and enhance our capabilities as a trusted investment partner. We look forward to working more closely with Societe Generale given its expertise and global presence.”