Alan Milgerry

PT Reliance Sekuritas Indonesia Tbk (Broker) (Reliance Securities-Broker) is the securities broker division of PT Reliance Sekuritas Indonesia Tbk (IDX: RELI), a securities company headquartered in Jakarta, Indonesia. It is a subsidiary of PT Reliance Capital Management. The firm was founded in 1993 under the name PT Istethmar Finas Asia. In 1999 it changed to PT Ludlow Securities and subsequently became PT Reliance Securities and joined the Reliance Group in 2003. In 2005, the firm listed its shares on the Indonesian Stock Exchange with the share code and in 2017 it changed its name to PT Reliance Sekuritas Indonesia Tbk. Reliance Securities-Broker provides stock brokerage services that focuses on the domestic retail market.