Bank of America N.A. Jakarta Branch | PT Merrill Lynch Sekuritas Indonesia
Bank of America N.A. Jakarta Branch | PT Merrill Lynch Sekuritas Indonesia
It takes the right resources and on-the-ground experience to succeed in Indonesia
PT Merrill Lynch Sekuritas Indonesia (“the Company”) was established in Jakarta within the framework of the Foreign Capital Investment Law No. 1 year 1967 based on Deed No. 4 dated 5 December 1994 of Harvey T. Sondak, SH, notary in Jakarta.
On 1 January 2009, Merrill Lynch & Co., Inc., (ML) the former parent of the Company was acquired by Bank of America Corporation (BAC) and as a result, ML continued as a surviving company and become a subsidiary of BAC, until ML was merged with and into BAC on 13 September 2013. Therefore, BAC is the ultimate parent of the Company.
In accordance with article 3 of the Company’s Articles of Association, the scope of its activities is to engage mainly as the securities underwriter.
In its decision letter No. KEP-01/PM/PEE/1996 dated 8 January 1996, the Indonesian Capital Market Supervisory Agency (Bapepam), now Financial Service Authority (OJK), granted the Company a license as underwriter.
The Company’s office is located at Sequis Tower Level 25, Jl. Jend. Sudirman Kav. 71, SCBD (Sudirman Central Business District) Lot 11B Jakarta 12190, Indonesia, (T)+6221.29553888, (F)+6221.29553877
As at 31 December 2021, the members of the Company's Boards of Commissioners and Directors are as follows:
Commissioner: Andrew Briski, Harish Aggrawal
Independent Commissioner: Gyanesh Nigam
President Director: Samuel D. Resowijoyo
Directors : Prijadi, Hartiani Rahayu
Andrew Briski, Commissioner
As COO for South East Asia, Andrew Briski is responsible for supporting the Country Heads of Singapore, Malaysia, Indonesia, Philippines and Thailand, to assist them in coordinating day-to-day operations of the country and to help ensure governance, supervision and internal controls are in place. Andrew has previously served as CAO for various regions (including EMEA and APAC) including Japan and Singapore. He was also appointed to the first Regional CFO position for Merrill Lynch in the Asia Pacific region. Prior to that, Andrew had a series of roles in Japan including CFO for Merrill Lynch Japan, COO for Debt and Equity Derivatives, and various Finance and Operations roles. He was also Asia Business Transition Executive, responsible for the program of initiatives to integrate Merrill Lynch with Bank of America in the APAC region.
Prior to BAML, Andrew worked at Paribas Capital Markets for 6 years (in Tokyo and New York), and before that at Coopers & Lybrand for 4 years (in London and Tokyo).
Andrew holds a Master of Art in Mathematics from Cambridge University in 1983.
Harish Agrawal, Commissioner
Harish Aggrawal is APAC Regional Controller & Southeast Asia CFO for Bank of America. As APAC Regional Controller, Harish is responsible to ensure robust internal control framework for financial and regulatory reporting for Bank of America entities in the Asia Pacific region. As CFO for Southeast Asia, he is responsible for the management of the finance function in Singapore, Malaysia, Indonesia, Philippines and Thailand, and supporting the country leadership team in monitoring of financial performance of the businesses in these countries.
Prior to Bank of America, Harish worked with JPMorgan for 18 years (in US, Singapore and India). He held various senior finance roles with JPMorgan and his last role was as Head of External Reporting, Corporate & Investment Bank in New York. Prior to JPMorgan, he has worked with Standard Chartered Bank and Mashreq Bank in India.
Harish is a commerce graduate from the University of Bombay (1991) and an Associate member of the Institute of the Chartered Accounts of India since 1994.
Gyanesh Nigam, Independent Commissioner
Gyanesh Nigam is an Independent Commissioner for PT Merrill Lynch Sekuritas Indonesia. As an Independent Commissioner, Gyanesh is responsible to ensure robust internal control framework and independently oversee the effectiveness of control functions (risk management, compliance, and internal audit functions) at PT Merrill Lynch Sekuritas Indonesia. As part of Board of Commissioners, Gyanesh carries supervisory duties, directs, monitors, and evaluates the implementation of Company’s strategic policy.
Prior to PT Merrill Lynch Sekuritas Indonesia, Gyanesh worked with Bank of America for 25 years before getting retired in 2019. He held various roles across Finance and Controllers at Bank of America. Prior to Bank of America, he has worked with HSBC in India.
Gyanesh holds a Master of Business Administration (MBA) from the India Institute of Management Ahmedabad (1986).
Samuel Darmawan Resowijoyo, President Director
Indonesian citizen, graduated from University of Oregon majored in Economics in 1991. He commenced his career with PT. Asia Equity Jasereh in 1994, and as Head of Dealing of PT Merrill Lynch Sekuritas Indonesia before moved to PT. BNP Paribas Securities Indonesia. In 2012, he moved back again to PT Merrill Lynch Sekuritas Indonesia as the Head of Risk Management function and appointed as the President Director since December 2016.
Indonesian citizen, Director of the Company since 2011. Graduated from STIE YAI in 1995 majored in accounting and started his career at Joseph Susilo & Rekan Public Accountant Firm in 1995 before moved to Deloitte Tax Solution in 1997. Joined PT Merrill Lynch Sekuritas Indonesia in 1997as Finance Manager before be appointed as director of the Company.
Hartiani Rahayu, Director
Indonesian citizen, graduated from University of Indonesia with bachelor degree majoring Accounting. Commenced her career as transfer pricing analyst at MUC Consulting group in 2010. In 2011, she started her career in capital market industry as Staff of Exchange Member Compliance Division at Indonesia Stock Exchange. In 2014, she moved to PT Danareksa Sekuritas (now: PT BRIDanareksa Sekuritas) with the last position as Audit unit head. Continuing her career in capital market, in 2019, she moved to PT Macquarie Sekuritas Indonesia before joining PT Merrill Lynch Sekuritas Indonesia in 2021. She was appointed as Director of the Company since November 2021.
PT Merrill Lynch Sekuritas Indonesia does not facilitate securities repurchase agreement (Repo) transaction
To provide service and complaints resolution in the financial services sector.
Procedure Details on Receiving Complaint
Customer Complaint and Reporting Services
For customer complaint and reporting on breach, please contact:
Complaint Service Team
Tel : +6221.29553888
Fax : +6221.29553877
Email DG MLINDO Complaint Service Team:
Terms of Reference Board of Commissioners and Board of Directors
For the implementation of internal control in accordance with Otoritas Jasa Keuangan rule No. 57/POJK.04/2017, the Company establishes the function of Risk Management, Compliance and Internal Audit as follow:
The implementation of risk management function of the Company shall at least cover:
The implementation of compliance function of the Company shall at least cover:
The implementation of internal audit function of the Company shall at least cover:
Enterprise Risk Management Framework of Bank of America Corporation
Circular Resolutions of The Sole Shareholder of PT Merrill Lynch Sekuritas Indonesia in Lieu of the Annual General Meeting of Shareholders dated 22 June 2022 has decided the following:
P T Merrill Lynch Sekuritas Indonesia is registered and supervised by the Financial Service Authority of Indonesia