Home   News   Features   Interviews   Magazine Archive   Industry Awards  
Subscribe
Securites Lending Times logo
Leading the Way

Global Asset Servicing News and Commentary
≔ Menu
Securites Lending Times logo
Leading the Way

Global Asset Servicing News and Commentary
News by section
Subscribe
⨂ Close
  1. Home
  2. Latest news
  3. Indo Premier Investment appoints Deutsche Bank as custodian
Latest news
Indo Premier Investment appoints Deutsche Bank as custodian
13 May 2013 Indonesia
Reporter: Georgina Lavers

Image: Shutterstock
Deutsche Bank will provide PT Indo Premier Investment Management with custody and fund administration services for two exchange traded funds that are newly launched on the Indonesia Stock Exchange.

Premier ETF Syariah Jakarta Islamic Index is the first equity-based Shariah-compliant ETF in Indonesia, and Premier ETF Indonesia Consumer is the first consumer-focused ETF in the country.

A subsidiary of Indo Premier Securities, Indo Premier Investment is a local security firm in Indonesia with over IDR590 billion in equity capital.

John Item, the president director of Indo Premier Investment said: “We are pleased to have chosen Deutsche Bank. Their understanding of our vision and our requirements, combined with their scale and service excellence made it an easy choice for us. With four types of ETFs already launched, we will continue seek more opportunities in this growing market.”

Elwin Karyadi, head of global transaction banking and head of direct securities services in Indonesia at Deutsche Bank said: “We are honoured to have been appointed custodian and fund administrator for Indo Premier Investment’s newly launched ETFs. By continuously investing in our people and our technology, we ensure that we are ready to support our clients’ growing
businesses.”
NO FEE, NO RISK
100% ON RETURNS If you invest in only one asset servicing news source this year, make sure it is your free subscription to Asset Servicing Times
Advertisement
Subscribe today