Citi gains seat on Indonesia bourse, partners with VDB

Citicorp Securities Indonesia strengthens its position in equities brokerage after gaining a seat on the Indonesia stock exchange. Elsewhere in the region, the bank signs a comprehensive partnership with Vietnam Development Bank.

Rupert Walker

July 14, 2010

Citigroup has been allocated a seat on the Indonesian stock exchange (IDX), and expects to start trading directly in domestic equities in August. The exchange has given the go-ahead for Citicorp Securities Indonesia to act as an equities broker, so it will soon be able to offer local and international clients direct access to the Indonesian stock market.

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