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DBS VICKERS INDONESIA RETURNS ASSET MANAGEMENT LICENCE TO
AUTHORITIES
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SECURITIES UNIT WILL PLACE GREATER FOCUS ON BROKING BUSINESS
JAKARTA, SINGAPORE, 6 September 2007 - PT DBS Vickers Securities Indonesia (DBSVI), the Indonesian securities arm of DBS Group, said that as part of its business realignment, it has returned the asset management licence to the Indonesian Capital Market Supervisory Agency Badan Pengawas Pasar Modal dan Lembaga Keuangan (Bapepam-LK).
Going forward, DBSVI will focus on providing a comprehensive blend of retail and institutional broking services in Indonesia.
About DBS Vickers Securities Group
DBS Vickers Securities Singapore is a member of the Singapore Exchange and one of the country's leading securities houses. DBS Vickers Securities is the securities arm of the DBS Group, the one of the largest banking groups in Southeast Asia. The DBS Vickers Securities Group has full stockbroking licenses in Singapore, Hong Kong, Thailand, and Indonesia, as well as offices in London, New York, and Malaysia. In addition, we have a representative office in Shanghai. DBS Vickers Securities will continue to be an active player in the distribution of primary and secondary issues undertaken by the DBS Bank Group in the Singapore and regional capital markets.
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