Trimegah divided its investment management division

BI/bursa

21/12/2010

Irvin Avriano A.

Bisnis Indonesia

Trimegah its investment management division

JAKARTA: PT Trimegah Securities Tbk, a listed securities company, divided their investment management division into a new company, PT Trimegah Asset Management.

The company targeted their asset under management to IDR5.2 trillion--5.5 trio for Trimegah Asset Management next year.

Trimegah Securities President Director Omar S. Anwar said the projection assumes from this year end target to IDR2.6 trillion.

"We want to back to times when we managed about IDR15 trio--16 trio around 2006--2007, in the next couple of years," said him to press after the extraordinary general meeting of shareholders (EGM) today.

Trimegah Securities director that will lead the new company is Denny Rizal Thaher.

The EGM of the company which shares coded TRIM are agree to let the company diverse their investment management division into the new company. The meeting itself attended by around 78% of shareholders.

The shareholder whose attend the EGM are equals to around 78% from the existing investors.

Omar said the company also intended to targeted asset under management in Trimegah Asset Management will reach the same level in their late golden age, around 2006--2007 that been IDR16 trio--17 trio at the time.

"We want to feel it again, back to our golden age, for the next years."

Trimegah Securities will be the first listed securities company that divided their investment management division into a new company.

The example of other listed corporation that have investment management permit and division and haven't have divided yet are PT Kresna Graha Sekurindo Tbk, PT Panin Sekuritas Tbk, and PT Panca Global Securities Tbk.

Including those names, Bapepam-LK data shows there are 33 securities company that obtain an investment management permit and haven't divided it yet.