JAKARTA (TheInsiderStories) - PT Mandiri Sekuritas, an investment bank and one of the most active securities in the capital market industry, is ready to become a pioneer in improving the domestic investor base and optimize the opportunities in the region. In expanding the distribution channels of service, Mandiri Sekuritas is ready to expand penetrated the region.
Currently, Mandiri Sekuritas has improved the status of a branch office in Singapore to become a subsidiary, namely Mandiri Securities Pte Ltd. Mandiri Securities has secured full license from the Monetary Authority of Singapore (MAS) to provide underwriting services and securities brokerage.
“Mandiri Securities is expected to play an important role in providing non rupiah-denominated financing alternatives for companies in Indonesia, as well as expanding distribution channels capital market services to global investors,” said President Director of Mandiri Sekuritas Silvano Rumantir.
The unit of PT Bank Mandiri Tbk (IDX: BMRI) will strengthen synergies with the Bank Group to explore new business opportunities and expand its market to the private sector. Until August 2016, Mandiri Sekuritas has completed 25 transactions with a portion of bonds worth Rp9.9 trillion and 5 stock transaction valued at Rp4.1 trillion.
The Company ranks first in the bond market with a market share of 17.2 percent and became an important part in the stock underwriting business with a share of 23.1 percent. Currently, the number of investors new shares to reach 500 thousand investors, or only 0.2 percent of the total population of Indonesia.
These conditions encourage Mandiri Sekuritas to transform into a financial technology company (fintech) in the capital market industry by optimizing the digital platform to reach a wider public. Digitization opens opportunities for capital market industry to enlarge the base of individual investors.
Mandiri Sekuritas has been trusted by more than 54,000 customers who invest in the stock market and record transaction value of Rp80.8 trillion with a market share of 3.9% in August 2016. The value of transactions daily at Mandiri Sekuritas totaled 500 billion per day, where 55 percent of transactions coming from institutional clients and 45 percent of retail customers.
Mandiri Sekuritas also becomes an important player in the securities market, with transaction value Rp48.8 trillion and market share of 10.3 percent.
“We are optimistic that these strategic measures to increase the competitiveness and strengthening the role of Mandiri Sekuritas as one of the important players in the Indonesian capital market industry,” concludes Silvano. (*)