Jefferies expands equities business in Indonesia via partnership with Indo Premier | Company data
(The Insider Stories) - Global investment banking firm Jefferies Group LLC has announced it is expanding its equities business in Indonesia through an alliance with PT Indo Premier Securities expected to launch in the summer of 2013.
Jefferies Asia chief executive Michael Alexander said in a statement the partnership with Indo Premier is part of Jefferies’ Pan Asian full service equities strategy. Indo Premier will provide equity research on companies in Indonesia that will be co-branded and distributed to Jefferies global bases of institutional clients.
Indo Premier managing director Moeleonoto The said the partnership will place Indo Premier in the top 10 biggest joint-venture securities companies in Indonesia from 11th currently.
Jefferies ia a wholly-owned subsidiary of Leucadia National Corporation (NYSE:LUK). Indo Premier is one of the largest and best capitalized securities companies in Indonesia and provides integrated financial services including securities sales and trading, investment banking and investment management, according to the statement.
The following is the full text of the statement from Jefferies.
NEW YORK, LONDON, HONG KONG and JAKARTA, May 6, 2013 – Jefferies today announced that it is entering into an alliance with PT Indo Premier Securities. Through this arrangement, PT Indo Premier 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. The alliance, in which PT Indo Premier will also provide local equity broking services to Jefferies clients, is expected to launch in the summer of 2013.
PT Indo Premier Securities is one of the largest and best capitalized securities companies in Indonesia, and provides integrated financial services including securities sales and trading, investment banking and investment management.
“We look forward to partnering with PT Indo Premier Securities as we continue to broaden our Pan-Asia full-service equities business to better serve our clients,” commented Michael Alexander, Chief Executive Officer for Jefferies Asia.
“This alliance is part of our ongoing strategy to continuously improve and expand our Pan-Asia equity research platform to provide our global clients with high quality ideas and insight coupled with first-class execution and distribution,” added Steven R. Black, Global Head of Equity Research at Jefferies.
“Our firm will greatly benefit from the broad and deep institutional reach of Jefferies’ global equity distribution platform, and we look forward to developing a productive and synergistic relationship with Jefferies,” indicated Moleonoto The, President Director of PT Indo Premier Securities.
Jefferies global equity research practice consists of more than 125 analysts covering over 1,600 stocks with research centers in London, Hong Kong, Mumbai, Singapore, Tokyo, 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, 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.
Jefferies, the 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. The firm provides a full range of investment banking, sales, trading, research and strategy across the spectrum of equities, fixed income, foreign exchange, futures and commodities, and also select asset and wealth management strategies, in the Americas, Europe and Asia. Jefferies Group LLC is a wholly-owned subsidiary of Leucadia National Corporation (NYSE: LUK), a diversified holding company.
