Citi pushes into Indonesia equity, gets IDX licence

14 Jul 2010

Citi will add staff to its business in Indonesia after the local stock exchange this week approved the bank’s plans to set up an equity brokerage in the country.

Citicorp Securities Indonesia, will be fully functional by August and will offer the bank’s local and international clients access to the Indonesian stock market.

Citi’s move comes as issuance volumes in Indonesia’s equity market have climbed to nearly $4bn this year to date, easily surpassing last year’s total ...

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