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BKPM works with Citi Indonesia to lure global investors
The Investment Coordinating Board (BKPM) has forged collaboration with Citi Indonesia to enhance investment promotion among big global investors, allowing Citi to act as a "liaison officer" for its clients who want to invest in Indonesia.
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Investment Coordinating Board (BKPM) director on international business cooperation Indra Darmawan (left to right), acting BKPM deputy director on investment monitoring and implementation Azhar Lubis, BKPM chairman Thomas Lembong, Citi Indonesia CEO Batara Sianturi, Global Head Citi Global Subsidiaries Group Marc Merlino and head of Global Subsidiaries Group Citi Indonesia Riko Tasmaya pose during the signing of a memorandum of understanding in Jakarta on Sept. 20. (Courtesy of Citibank NA Indonesia/File)
T
he Investment Coordinating Board (BKPM) has forged collaboration with Citi Indonesia to enhance investment promotion among big global investors, allowing Citi to act as a "liaison officer" to its clients who want to invest in Indonesia.
BKPM chairman Thomas Trikasih Lembong said the collaboration with the US-based financial institution was part of strategic measures to connect the agency with foreign investors in terms of consultation and investment activities.
"The joint force is important because the big financial institution has thousands of clients," he said after signing a memorandum of understanding (MoU) on the deal in Jakarta on Tuesday.
This is not the first time that the BKPM has worked with an international bank. In December last year, the agency signed a MoU with Singapore-based United Overseas Bank (UOB) and in February 2009 it signed one with UK-based HSBC.
Citi Indonesia CEO Batara Sianturi said the company used to give consultations related to equity, bonds, money market, and investment in the real sector. With the new collaboration, the lender will be more focus on consultation services for those interested in investing in Indonesia.
"Globally, Citi is trusted as a credible strategic banking advisor and partner in more than 100 countries, to the extent that 95 percent of the Fortune 100 Companies choose Citi as their preferred banking partner," he said. (ags)
