Indonesia

Credit Suisse’s continued domination of the investment banking sector in Indonesia has clearly helped Credit Suisse in the private banking space. The bank claims that 70% of Indonesia’s billionaires bank with it: with Credit Suisse leveraging its domination on the corporate side into private banking.

In a category that was dominated by the likes of Citibank, Standard Chartered and HSBC in Indonesia, there’s a new face in town. It is Japanese and it is big: the Mitsubishi UFJ Financial Group, Japan’s biggest bank and the world’s fifth largest.

In Jakarta, bankers can be certain of three things: 1) long delays thanks to chronic traffic gridlock known as macet; 2) their meetings with state officials are cancelled or postponed several times and at a moment’s notice or none at all; and 3) when there’s a big deal brewing, Credit Suisse won’t be far away from it.

When the Asian financial crisis swept through the region two decades ago, Bank Central Asia was on its knees, a victim of over-reach and poor management.

Indonesia

The 28th annual Asiamoney Brokers Poll invited chief investment officers, fund managers and investment analysts to take part. Nearly 6,700 valid responses were received from voters representing fund management houses, insurance companies, pension funds, sovereign wealth funds, hedge funds and wealth managers from around the world.

Singaporean bank adds to Indian franchise, but profitability of new ventures remains some way off.

Though the banking battleground in fast-modernizing Indonesia is new, the combatants include some of its oldest and most controversial business clans.