- Business
- PT Reliance Sekuritas Indonesia Tbk PT Reliance Sekuritas Indonesia Tbk is an Indonesia-based securities firm that provides brokerage services for equities and fixed-income instruments including government bonds, corporate bonds, sukuk, and repos; underwriting for securities emissions such as initial public offerings and bond issuances; investment banking services encompassing financial advisory, mergers and acquisitions, and corporate finance; research services; and trading intermediation for retail and institutional clients including pension funds, insurance companies, investment firms, and employee cooperatives. The company operates through segments of securities intermediary, underwriter, and investment, with a network of branches and investment galleries across major Indonesian cities such as Jakarta, Bandung, Yogyakarta, Surabaya, Medan, Makassar, and Balikpapan; it serves as an agent for Indonesia Retail Bonds (ORI) and Retail Sovereign Sukuk Bonds. Founded on February 22, 1993, as PT Istethmar Finas Asia and headquartered at Soho Westpoint, Jl. Macan Kav. 4-5, Kedoya Utara, West Jakarta, the company underwent name changes to PT Ludlow Securities in 1999, PT Reliance Securities in 2003 following integration with Reliance Group, and its current name in 2017 after listing on the Indonesia Stock Exchange (IDX: RELI.JK) via IPO in 2005; it is a subsidiary of PT Reliance Capital Management. Recent developments include the launch and rapid expansion of RELIPrioritas, a premium wealth management service offering personalized investment solutions, dedicated relationship managers, and access to top-tier products, which grew from 30 clients in December 2023 to 400 by August 2024 with assets under management reaching Rp1.7 trillion, and RELITrade, a user-friendly online trading platform that recorded an 8% year-over-year transaction volume increase to Rp5.4 trillion by July 2024; additionally, in 2022 the company acquired 99% of PT Reliance Capital Management, enhancing control over PT Reliance Manajer Investasi, while continuing to prioritize technology investments for seamless trading, client base expansion, and revenue diversification amid strong performance in July 2024.