PT CIMB Niaga Sekuritas

What PT CIMB Niaga Sekuritas does

PT CIMB Niaga Sekuritas (CNS) is an Indonesia-domiciled investment banking firm established in March 2018 as a specialized entity spun out of CIMB Group's regional restructuring, which separated investment banking from equity trading. The firm is majority-owned by PT Bank CIMB Niaga Tbk, the largest private bank in Indonesia, and operates as part of CIMB Group's ASEAN universal banking network spanning six markets (Malaysia, Singapore, Thailand, Cambodia, Vietnam, and the Philippines). CNS is headquartered at Graha CIMB Niaga in Jakarta's Sudirman business district and is licensed and supervised by Indonesia's Financial Services Authority (OJK), holding underwriting, financial advisory, MTN/NCD administration, and commercial paper administration licenses.

The firm provides three core service lines: Debt & Capital Market (corporate and sovereign bond underwriting, IDR and USD sukuk, fixed income advisory), Equity Capital Market (lead underwriter for domestic and international IPOs, rights issues, and PMTHMETD), and Financial Advisory (M&A, valuations, restructuring, divestments, and strategic advisory). Technology is not built in-house; CNS leverages CIMB Group's capital markets infrastructure, research, and analysis platforms across equities, fixed income, and ASEAN macroeconomics. The firm runs a lean credentialed bench of 13 licensed personnel (7 WPPE underwriting, 6 WPEE equity) supported by CIMB Group's regional balance sheet.

CNS monetizes through transaction-based fees (underwriting and arrangement fees for DCM and ECM) and professional services fees (financial advisory for M&A and restructuring). Pricing is custom and quote-based per transaction, with multi-year mandates typical for advisory work. Go-to-market is enterprise field sales targeting Indonesian corporates, financial institutions, SOEs, and sovereign entities, with distribution access to ASEAN clients via the CIMB Group network. As of May 2026, CNS ranks among the top 10 underwriters in Indonesia per the Bloomberg League Table and has executed transactions for 60+ portfolio clients spanning financial services, telecommunications, construction and infrastructure, pulp and paper, mining, petrochemicals, healthcare, F&B, real estate, automotive, and technology (including GoTo, Indosat, XL Axiata, Bank Mandiri, Bank Negara Indonesia, Pegadaian, Semen Indonesia, Wijaya Karya, and Pertamina International Shipping).

Name

PT CIMB Niaga Sekuritas

Legal name

PT CIMB Niaga Sekuritas

Website

https://cns.co.id

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

11–50 employees

Short description

PT CIMB Niaga Sekuritas is an OJK-licensed Indonesian investment banking firm, majority-owned by Bank CIMB Niaga and part of the CIMB Group ASEAN network, providing DCM underwriting, ECM lead-arranging, and M&A financial advisory to corporates, SOEs, and sovereign clients in Indonesia.

Ownership category

akta.pro rank

Product category

Investment Banking

NAICS

Investment Banking and Securities Intermediation (52315), Securities and Commodity Contracts Intermediation and Brokerage (5231), Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523), Miscellaneous Intermediation (52391)

SIC

Security Brokers, Dealers & Flotation Companies (6211), Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Investment Advice (6282)

akta.pro primary industry

Fairness Opinions & Independent Board Advice (FSAEAGAF)

akta.pro secondary industries

Dividend, Interest & Distribution Services (FSACAKAD), Shariah-compliant Financing Products (Murabaha, Ijara, Tawarruq, Istisna, Salam) (FSABAGAH)

Keywords

• Investment banking services
• Debt capital market
• Equity capital market
• Financial advisory
• Securities underwriting

Headquarters

HQ city

Jakarta Selatan

HQ country

Indonesia

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Underwriting Fees (DCM & ECM): CNS earns fees as lead underwriter for debt capital market transactions (bonds, sukuk, MTN, PN, SBK, NCD) and equity capital market transactions (IPOs, rights issues, PMTHMETD). Underwriting involves guaranteeing the sale of securities and earning arrangement/underwriting fees.
2. Financial Advisory Fees: CNS provides strategic financial advisory services for complex transactions including mergers & acquisitions, valuations, financial restructuring, and asset divestment, earning advisory fees from institutions and corporations.
3. Debt & Capital Market Arrangement Fees: CNS acts as arranger for private placement instruments including Medium Term Notes, Long Term Notes, Commercial Papers, and Negotiable Certificates of Deposit, earning arrangement fees.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

PT CIMB Niaga Sekuritas is an Indonesian investment banking firm that delivers three integrated services: Debt & Capital Market (underwriting of bonds and private placement instruments such as MTN, NCD, and SBK), Equity Capital Market (underwriting of Initial Public Offerings and rights issues), and Financial Advisory (mergers and acquisitions advisory, corporate restructuring, and capital structure solutions) for corporate, financial institution, and sovereign clients.

Product overview

PT CIMB Niaga Sekuritas operates as an investment banking firm offering three core service lines: Debt & Capital Market (bond and sukuk underwriting, fixed income advisory), Equity Capital Market (IPO, rights issues, equity underwriting), and Financial Advisory (M&A, restructuring, divestment). The company acts as a bookrunner and lead underwriter for securities issuances in the Indonesian capital market, supporting both conventional and Sharia-compliant instruments. The product portfolio includes public offering services for bonds and equities, as well as private placement arrangements for medium-term notes and commercial papers.

Differentiator

Problem solved

Functional benefit

Products and services

• Debt & Capital Market

Quantifiable outcome

• Ranked top 10 underwriter in Indonesia — Bloomberg League Table (May 2026)
• +2 more outcomes

Named customers70 records

Segments4 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Seven partnerships are on record, tiered flagship, core and minor.

• PT Danantara Asset Management (DAM)flagshipStrategic or Co-development Partner · 1 April 2026CNS acts as the Lead Advisor to PT Danantara Asset Management (DAM), the operational holding entity of BPI Danantara Indonesia (Indonesia's sovereign wealth fund), for a strategic initiative to consolidate four SOE asset management companies: PT Mandiri Manajemen Investasi, PT BRI Manajemen Investasi, PT BNI Asset Management, and PT PNM Investment Management. CNS provides end-to-end advisory including strategic preparation, assessment, and lead negotiations support.
• CIMB MalaysiacoreStrategic or Co-development PartnerCIMB Malaysia is part of the CIMB Group network. As CNS operates within the broader CIMB Group ASEAN ecosystem, CIMB Malaysia represents a key regional counterpart in the collaborative ecosystem that CNS leverages for cross-border transactions, market intelligence, and integrated client solutions.
• CIMB SingaporecoreStrategic or Co-development PartnerCIMB Singapore is part of the CIMB Group network spanning six ASEAN markets. CNS leverages the regional CIMB ecosystem for cross-border deal execution, research sharing, and integrated financial solutions across ASEAN markets.
• CIMB ThailandcoreStrategic or Co-development PartnerCIMB Thailand is part of the CIMB Group network across ASEAN. CNS operates within this collaborative ecosystem to deliver integrated investment banking solutions and market access across the ASEAN region.
• CIMB CambodiaminorStrategic or Co-development PartnerCIMB Cambodia is part of the CIMB Group ASEAN network. CNS benefits from the broader regional ecosystem for cross-border collaboration in investment banking services.
• CIMB VietnamminorStrategic or Co-development PartnerCIMB Vietnam is part of the CIMB Group ASEAN network. CNS operates within the regional ecosystem for cross-border deal support and market intelligence sharing.
• CIMB PhilippinesminorStrategic or Co-development PartnerCIMB Philippines is part of the CIMB Group ASEAN network. CNS leverages this regional ecosystem for cross-border transaction capabilities and integrated client solutions across ASEAN.

Scale indicators3 records

Recent moves8 records

Expansion highlights6 records

Broad incumbents

• PT JP Morgan Sekuritas Indonesia: Local entity of JPMorgan. Competes with CNS on the largest Indonesian IPOs, cross-border M&A, and ECM mandates, leveraging the global bank's balance sheet and international investor network.
• PT UBS Sekuritas Indonesia: Indonesian subsidiary of UBS Group. Competes with CNS for large-cap Indonesian ECM and M&A mandates as part of a global bulge-bracket franchise, with deeper equity placement and cross-border distribution capabilities.

Direct peers

• PT Bahana Sekuritas: State-affiliated Indonesian investment bank with a long-standing track record in ECM and DCM underwriting. Competes head-to-head with CNS for sovereign, SOE, and large corporate mandates in the Indonesian capital market.
• PT Trimegah Sekuritas Indonesia: Independent Indonesian securities firm active in DCM underwriting, ECM, and advisory. Comparable to CNS as a top-tier domestic IB serving institutional and corporate clients, though operating without a major bank-parent ecosystem.
• PT BRI Danareksa Sekuritas: Investment banking subsidiary formed from the merger of BRI Sekuritas and Danareksa Sekuritas. Directly comparable as an Indonesian IB with ECM/DCM capabilities, strong SOE relationships, and similar bank-affiliated backing.
• PT CGS-CIMB Sekuritas Indonesia: CIMB Group's other Indonesian securities entity focused on brokerage and equity research. Adjacent within the same CIMB ecosystem as CNS, with overlapping institutional clients and shared regional distribution; CNS handles investment banking while CGS-CIMB covers sales, trading, and research.
• PT Mandiri Sekuritas: Indonesia's largest locally-affiliated investment bank, majority-owned by Bank Mandiri. Directly comparable to CNS as a top-tier Indonesian investment bank offering DCM underwriting, ECM, and financial advisory services to large corporates and SOEs, including many overlapping clients.
• PT BNI Sekuritas: Investment banking arm of Bank Negara Indonesia. Directly competes with CNS in Indonesian DCM, ECM, and M&A advisory, particularly for SOE and bank-sector mandates, with similar business model anchored in a parent-bank ecosystem.

Regional players

• CGS-CIMB Securities (Singapore): Regional securities and investment banking arm of CIMB Group based in Singapore. Comparable to CNS as a fellow CIMB IB franchise operating across ASEAN, providing a benchmark for how CNS's Indonesian franchise could evolve with regional scale.
• CIMB Investment Bank (Malaysia): The Malaysian investment banking arm of CIMB Group. Same regional parent as CNS and offers directly comparable DCM, ECM, and M&A services in Malaysia, making it the most relevant regional peer for benchmarking CNS's capabilities and league-table positioning within the CIMB ecosystem.

Market position

Strengths5 records

Weaknesses3 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/pt-cimb-niaga-sekuritas

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about PT CIMB Niaga Sekuritas