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In mid 2017, CIMB Group Holdings Berhad (“CIMBGH”) announced that its wholly owned subsidiary which engages in stockbroking business has entered into a share purchase agreement with China Galaxy Internasional Finansial Holdings Limited (“CGIFHL”). CIMBGH and CGIFHL further formalised their strategic partnership acrros CIMBGH’s stockbroking business.
In connection with this joint venture, Investment Banking unit in the CIMBGH was spun-off regionally from the strategic partnership coverage. Therefore, CIMBGH undertook some internal re-organisation of its entire Investment Banking Unit throughout the region, including among others the one located in Indonesia. In Indonesia, the Investment Banking unit is placed under a new entity namely PT CIMB Niaga Sekuritas which was legally established in 2018 whereby PT Bank CIMB Niaga Tbk. is the majority shareholder holding 94.78% shares of the Company.
As the business unit covering Investment Banking activities, PT CIMB Niaga Sekuritas’ focus is in providing securities underwriting services with the license issued by the Financial Service Agency (Otoritas Jasa Keuangan (OJK)) No. KEP-11/D.04/2019, financial advisory services with the license issued by OJK No. S-618/PM.21/2019, arranger for the issuance of Medium Term Notes (MTN) and Negotiable Certificate of Deposit (NCD) with the license issued by OJK No. S-1118/PM.21/2019, arranger for the issuance of Commercial Papers with the license issued by OJK No. S-1481/PM.21/2019 dan Bank Indonesia No. 22/17/DPPK/Srt/B.
PT CIMB Niaga Sekuritas (“CNS”) was established on 12 March 2018, currently 97.32% of its shares are owned by PT Bank CIMB Niaga Tbk and 2.68% are owned by PT Commerce Kapital. CNS was established as CIMB group reorganization in 2018, where CIMB investment banking division was spun off from PT CGS-CIMB Sekuritas Indonesia. Human capital and working experiences of investment banking business unit are separated and transferred to CNS.
As the business unit covering Investment Banking activities, PT CIMB Niaga Sekuritas’ focus is in providing securities underwriting services with the license issued by the Financial Service Agency (Otoritas Jasa Keuangan (OJK)) No. KEP-11/D.04/2019, financial advisory services with the license issued by OJK No. S-618/PM.21/2019, arranger for the issuance of Medium Term Notes (MTN) and Negotiable Certificate of Deposit (NCD) with the license issued by OJK No. S-1118/PM.21/2019, arranger for the issuance of Commercial Papers with the license issued by OJK No. S-1481/PM.21/2019 dan Bank Indonesia No. 22/17/DPPK/Srt/B.
