laporan tahunan 2015 thriving in adversity...laporan tahunan 2015 annual report perlambatan ekonomi...

laporan tahunan 20152015 annual report

thrivingin adverSity

Laporan Tahunan 2015 annuaL reporTPT MNC Securities

Perlambatan ekonomi yang melanda pentas bisnis global dan nasional menjadikan tahun 2015 penuh dengan tantangan. Dampaknya pasar saham nasional pun turut terpukul yang pada akhirnya berimbas pada kinerja berbagai perusahaan sekuritas dalam negeri. Namun, meski menghadapi kondisi perekonomian yang sangat pelik, berkat arahan strategi yang tepat, implementasi strategi yang cermat dan ditunjang dengan SDM unggulan, MNC Securities berhasil mencetak pertumbuhan pendapatan yang signifikan dan terus memperluas pangsa pasar ke berbagai wilayah di Indonesia. Dengan pencapaian tersebut, Perseroan pun kian mantap mewujudkan visinya menjadi Perusahaan Sekuritas Terbaik dan Terpercaya di Indonesia.

The economic slowdown that haunted the global and national economies has made 2015 a year full of challenges. The national stock market has also been hit, thus negatively impacted the performances of various securities firms in the country. Nevertheless, despite facing very complicated economic conditions, MNC Securities successfully has scored significant revenue growth and continuously expanded its market share to various regions in Indonesia, thanks to the right strategy guidance and its implementation as well as the support of excellent human resources. With these achievements, the Company is gaining ground on realizing its visition toward becoming the best and most trusted Securities Company in Indonesia.

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Tumbuh Pesat diTengah Tantangan

Thriving in Adversity


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Daftar IsiTable of Contents

1 Prawacana | Preface2 Daftar Isi | Table of Contents5 Ikhtisar Keuangan | Financial Highlights5 Komposisi Pemegang Saham per 31

Desember 2015 | Shareholders Structure as of 31st December 2015

6 Peristiwa Penting di Tahun 2015 | Significant Events in 2015

Laporan Kepada Pemegang Saham | Report to Shareholders10 Sambutan Komisaris Utama | Message

from the President Commissioner14 Sambutan Direktur Utama | Message from

the President DirectorSekilas Perusahaan | Company at a Glance19 Data Perusahaan | Corporate Data20 Riwayat Singkat Perusahaan | Company’s Brief Profile23 Visi, Misi, dan Filosofi Perusahaan | Vision,

Mission, and Company’s Philosophy24 Struktur Organisasi | Organization Structure25 Struktur Korporasi | Corporate Structure26 Produk dan Layanan | Product and Services28 Profil Dewan Komisaris | Board of Commissioners’ Profile36 Profil Direksi | Board of Directors’ Profile42 Sumber Daya Manusia | Human Resources

Analisa dan Diskusi Manajemen | Management Discussion and Analysis47 Tinjauan Makroekonomi | Macroeconomic

Review50 Tinjauan Bisnis | Business Review54 Tinjauan Keuangan | Financial Review59 Prospek Usaha | Business ProspectTata Kelola Perusahaan | Good Corporate Governance64 Struktur Tata Kelola Perusahaan | Good

Corporate Governance Structure74 Manajemen Risiko | Risk Management76 Tanggung Jawab Sosial Perusahaan |

Corporate Social Responsibility80 Alamat Kantor Pusat dan Cabang | Head Office and Branch Offices Addresses82 Surat Pernyataan Anggota Dewan

Komisaris dan Direksi Tentang Pertanggungjawaban atas Laporan Tahunan 2015 PT MNC Securities | Statement Letter on Responsibility for the 2015 Annual Report of PT MNC Securities from of the Board of Commissioners and the Board of Directors

88 Laporan Keuangan | Financial Report


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Daftar IsiTable of Contents


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Ikhtisar KeuanganTahun 2015Financial Highlightsin 2015


Uraian 2015 2014 2013 Description

LAPORAN LABA RUGI INCOME STATEMENT

Pendapatan Usaha 68,8 33,3 50,3 Total Revenue

Laba Usaha (Rugi) 1,6 (27,9) (16,8) Income (Loss) from Operations

Laba Bersih (Rugi) (9,4) (39,9) (26,5) Net Income (Loss)

EBITDA 7,4 (23,5) (13,1) EBITDA

Jumlah Aset 1.647,9 950,7 856,4 Total Assets

Jumlah Liabilitas 1.229,7 623,1 489,6 Total Liabilities

Jumlah Ekuitas 418,2 327,5 366,7 Total Stockholders’ Equity

Laba (rugi) per Saham (dalam Rupiah penuh)

(62) (266) (223) Earnings per Share (in full Rupiah)

RASIO KEUANGAN UTAMA FINANCIAL RATIO (%)

Laba Bersih/Pendapatan Usaha

(13,6%) (119,8%) (52,7%) Net Income/Revenue

Laba Bersih/Jumlah Aset (0,57%) (4,2%) (3,09%) Net Income/Total Assets

Laba Bersih/Jumlah Ekuitas (2,2%) (12,2%) (7,29%) Net Income/Total Stockholders’ Equity

Jumlah Liabilitas/Jumlah Ekuitas

294,02% 190,25% 136,0% Total Liabilities/Total Stockholders’ Equity

Jumlah Liabilitas/Jumlah Aset 74,62% 65,5% 57,6% Total Liabilities/Total Assets

EBITDA/Jumlah Pendapatan Usaha

10,77% (71,5%) (26%) EBITDA/Total Revenue

Aktiva Lancar/Kewajiban Lancar

1,38 1,46 2,18 Current Assets/Current Liabilities

Dalam miliar Rupiah, kecuali disebutkan lain In billion Rupiah, unless stated otherwise

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Ikhtisar KeuanganFinancial Highlights

Komposisi Pemegang SahamShareholders Composition

Pemegang SahamShareholders

Kepemilikan SahamShare Ownership

%

PT MNC Kapital Indonesia Tbk 249.998.000 99,999992

Koperasi Karyawan PT Bhakti Investama TbkEmployees’ Cooperative of PT Bhakti Investama Tbk

2.000 0,00008

per 31 Desember 2015 | as of 31st December 2015

Financial HigHligHts in 2015


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27 Januari 2015January

MNC Securities didaulat menjadi pembicara dalam acara MNC Insurance Agency Kick-Off Meeting. Di acara yang berlangsung di Hotel Grand Hyatt Jakarta itu, Direktur Utama MNC Securities, Alpino Kianjaya berbicara mengenai Investasi di Pasar Modal. MNC Securities was chosen to be the speaker in MNC Insurance Agency Kick-Off Meeting. The event was held at Grand Hyatt Hotel, Jakarta, and at the event President Director of MNC Securities, Alpino Kianjaya spoke about investing in the capital market......................................................

31 Januari 2015January

MNC Securities mengadakan Business Opportunity Presentation

(BOP) Pembahasan Pasar Modal bersama alumni St. Louis. Acara yang bertempat di lantai 13 Gedung MNC Financial Center ini bertujuan untuk mengedukasi peserta mengenai awal investasi yang akan memberikan income lebih bagi perencanaan finansial yang lebih baik.MNC Securities held Business Opportunity Presentation (BOP) with the topic of The Capital Stock Discussion with the alumni of St. Louis. The presentation was held on the 13th floor of Financial Center building and was intended to educate participants on the initial investment that will garner higher income with better financial planning......................................................

14-15 Februari 2015February

Bertempat di Bali Nirwana Resort, Bali, MNC Financial Services mengadakan BPD Gathering 2015 sebagai ucapan terima kasih atas kontribusi positif BPD dalam membantu pencapaian kinerja.Located at Bali Nirwana Resort, Bali, MNC Financial Services held BPD Gathering 2015 as an

expression of appreciation for the positive contribution rendered by BPD in helping the Company achieve its performance......................................................

05 Maret 2015Maret

MNC Securities mendukung kegiatan Investment Day yang diselenggarakan oleh Universitas Bunda Mulia (UBM). Peserta dikhususkan untuk mahasiswa Program Studi Manajemen dan dihadiri lebih dari 300 peserta seminar, mahasiswa juga diberikan kesempatan untuk melakukan simulasi trading.MNC Securities supported Investment Day event organized by Bunda Mulia University (UBM). The 300 participants, who were mostly students of Management Study Program, also got the chance to try out the trading simulation set up by MNC Securities......................................................

06 Juli 2015July MNC Securities mengadakan buka puasa bersama anak-anak yatim dan pengurus Panti Asuhan

Peristiwa Penting 20152015 Important Event

ikHtisar keuangan taHun 2015


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Makna Bakti, Kemayoran, Jakarta Pusat. Acara ini merupakan bagian dari kegiatan CSR yang rutin diadakan setiap tahunnya. MNC Securities organized breaking-the-fast event with children and the management of Makna Bakti Orphanage, Kemayoran, Central Jakarta. The event was part of the Company’s CSR program which was routinely held every year......................................................

11 Agustus 2015August

MNC Securities meresmikan pembukaan kantor cabang ke-40 yang berlokasi di Gedung B PPM Manajemen, Jl. Menteng Raya No. 9-19, Jakarta. Acara peresmian dikemas dengan konsep talk show yang disampaikan oleh Head of Research, Edwin Sebayang bertemakan Why Invest in Stock Market & How is The Trend Today and Tomorrow.MNC Securities inaugurated its 40th branch office located in Building B of PPM Manajemen, Jl. Menteng Raya No. 9-19, Jakarta. In the event, the

Company organized a talk show presenting Head of Research, Edwin Sebayang. The theme of the talk show was Why Invest in Stock Market & How is The Trend Today and Tomorrow......................................................

11-12 Agustus 2015August

MNC Securities berpartisipasi dalam kegiatan Job Fair 2015 yang diselenggarakan di Stadion Utama Gelora Bung Karno.MNC Securities took part in Job Fair 2015 held at Gelora Bung Karno Stadium......................................................

13 Agustus 2015August

MNC Securities cabang Bandung mengadakan Investors Gathering untuk para nasabah tercinta. Acara dilaksanakan di Bawean Resto, Jl. L.L. Martadinata No.140 Bandung, Jawa Barat.MNC Securities, Bandung office held Investors Gathering for its loyal customers. The event was held at Bawean Resto, Jl. L.L. Martadinata No.140 Bandung, West Java.

08 September 2015September

MNC berpartisipasi dalam acara Indosat Stock Trading Contest dengan menjadi narasumber yang diwakili oleh Wijen Ponthus. Dalam acara ini MNC Securities mempersembahkan door prize berupa voucher deposit dana untuk 10 orang pemenang masing-masing Rp100.000. MNC participated in Indosat Stock Trading Contest by acting as speaker represented by Wijen Ponthus. In the event, MNC Securities provided door prize in the form of funds deposit vouchers for 10 winners, each worth IDR100,000......................................................


MNC Securities menggelar Investor Gathering di Palembang.MNC Securities held Investor Gathering in Palembang......................................................

11 September 2015September MNC Securities mengadakan Investor Club Gathering & Market Outlook 2015 di Balikpapan. Dalam acara ini MNC Securities

Financial HigHligHts in 2015


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mempersembahkan door prize voucher deposit dana untuk 5 orang pemenang masing-masing Rp100.000.MNC Securities held Investor Club Gathering & Market Outlook 2015 in Balikpapan. In the event, MNC Securities presented door prize in the form of funds deposit vouchers for five winners, with each voucher worth IDR100,000......................................................


MNC Securities berpartisipasi dengan menjadi sponsor dalam Acara Seminar Nasional & Malam Apresiasi APDI Award 2015 yang dilaksanakan di Hotel Bidakara, Jakarta.MNC Securities participated as a sponsor in 2015 APDI Award Ceremony and National Seminar held at Bidakara Hotel, Jakarta. .....................................................

02 Oktober 2015October MNC Securities berpartisipasi dan menjadi sponsor dalam seminar Hari Ulang Tahun ke 2 Galeri Investasi Bursa Efek

Indonesia – Universitas Bunda Mulia yang dilaksanakan di Grand Ballroom Universitas Bunda Mulia. Susy Meilina sebagai Direktur Utama dan Edwin Sebayang selaku Head of Research MNC Securities didaulat menjadi pembicara utama dalam acara tersebut. Tak lupa, MNC Securities memberikan hadiah berupa door prize tiga voucher deposit dana masing-masing Rp250.000 bagi mahasiswa yang bertanya dengan pertanyaan terbaik.MNC Securities took part in and sponsored the seminar to commemorate the 2nd anniversary of Indonesia Stock Exchange Investment Gallery – Bunda Mulia University, held at Bunda Mulia University Grand Ballroom. President Director Susy Meilina, and Head of Research Edwin Sebayang of MNC Securities acted as the main speakers in the event. MNC Securities also provided door prize in the form of three funds deposit vouchers, each worth IDR250,000 for students who came with the best question......................................................

02 Oktober 2015October MNC Securities mengadakan Investor Gathering untuk para nasabah yang berdomisili di Batam.

MNC Securities held Investor Gathering for customers located on Batam Island. .....................................................

09-13 November 2015November

MNC Securities ikut berpartisipasi dan menjadi sponsor Kegiatan & Seminar Acara Investor Summit – Capital Market Expo 2015.MNC Securities participated in and sponsored Investor Summit and Seminar–Capital Market Expo 2015......................................................

16-18 Desember 2015December

MNC Securities ikut berpartisipasi dalam event Yuk Nabung Saham Expo 2015 yang dilaksanakan selama tiga hari dan dihadiri oleh sekitar 5.000 peserta.MNC Securities participated in the three-day event “Yuk Nabung Saham Expo 2015” (Let’s Invest in Stocks 2015). Around 5,000 participants took part in the event.

ikHtisar keuangan taHun 2015


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Laporan Kepada Pemegang Saham

Report toShareholders

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Sambutan Komisaris UtamaMessagefrom President Commisioner

Berbagai indikator menunjukkanPerseroan berhasil mencatatkan

kinerja keuangan yang baik sekaligus mempertahankan kepercayaan dari

masyarakat luas, investor, sertapemangku kepentingan lainnya.

Various indicators show the Companyhas successfully recorded a good

financial performance whilemaintaining the trust of the public, investors and other stakeholders.

laporan kepada pemegang saHam

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Pemegang Saham dan Para Pemangku Kepentingan yang Terhormat,

Puji syukur kami panjatkan kehadirat Tuhan Yang Maha Esa karena atas bimbingan dan karunia-Nya, MNC Securities dapat melalui tahun 2015 dengan hasil yang sangat baik.

Selanjutnya, perkenankan kami menyampaikan laporan pertanggungjawaban atas tugas pengawasan Perseroan untuk tahun buku 2015 yang berakhir pada 31 Desember 2015.

Penilaian Kinerja DireksiBerbagai indikator menunjukkan di tahun 2015 MNC Securities berhasil mencatatkan kinerja yang baik dalam industri jasa keuangan nasional sekaligus mempertahankan kepercayaan dari masyarakat luas, investor, serta pemangku kepentingan lainnya.

Dewan Komisaris memberikan apresiasi kepada Direksi atas keberhasilannya mencatatkan kinerja yang sangat baik di tahun ini melalui peningkatan pendapatan usaha Perseroan sebesar 106,76 %, dari Rp33.306 juta pada tahun 2014 menjadi Rp68.864 juta di akhir tahun 2015.

Perseroan pun berhasil mencatatkan peningkatan tajam dalam jasa underwriting yang mencapai 3.603,68%, atau meningkat pesat dari Rp1.090 juta di tahun 2014 menjadi Rp40.365 juta.

Kenaikan ini sekaligus menjadi penyeimbang dalam kelesuan pasar ekuitas di dalam maupun luar negeri. Akibat penurunan IHSG sebesar 12,1% tak pelak pendapatan kegiatan perantara perdagangan efek Perseroan pun turut terimbas turun sebesar 39,56%.

Kinerja positif juga dicatatkan Perseroan dari pendapatan bunga dan dividen yang tumbuh

Dear Esteemed Shareholders and Stakeholders,

We would like to thank the God Almighty for His guidance and His grace, in that MNC Securities has gone through 2015 with outstanding results.

Furthermore, allow us to present the accountability report on the Company’s supervisory duties for the financial year 2015 which ended on December 31, 2015.

Directors Performance AssessmentVarious indicators shows that MNC Securities in 2015 managed to record a good performance in the national financial services industry while maintaining the trust of the public, investors and stakeholders.

The Board of Commissioners (BOC) commends the Board of Directors for successfully recording an outstanding performance in 2015. This was demonstrated by the 106.7% increase in the Company’s revenues, from Rp33.306 million in 2014 to Rp68.864 million at the end of 2015.

The Company also successfully recorded a sharp increase in underwriting services, which reached 3,603.68%, or increased rapidly to Rp40,365 million from Rp1,090 million in 2014.

This increase is counterweight in the sluggishness of domestic and foreign equity markets. The JCI decreased by 12.1% and this, as a result, impacted the income of the Company’s securities brokerage activities by 39.56%.

The Company also recorded its positive performance, which was gained from interest and dividend income,

Hary TanoesoedibjoKomisaris Utama I President Commissioner

report to sHareHolders


sebesar 34,35% sepanjang tahun 2015 hingga mencapai nilai Rp16.412 juta.

Aset Perseroan pun terus bertumbuh sepanjang 2015 dengan total kenaikan mencapai 73,3% dari Rp951 juta menjadi Rp1.647 juta di akhir tahun 2015.

Berbagai indikator positif ini pada akhirnya mampu menurunkan secara drastis rugi bersih Perseroan sebesar 76,5% dari Rp39.902 juta di tahun 2014 menjadi Rp9.374 juta di tahun lalu. Tentu kami memahami faktor kelesuan ekonomi yang melanda Indonesia menjadi salah satu penyebabnya.

Dewan Komisaris memberikan penilaian positif atas berbagai inisiatif yang ditempuh Direksi selama tahun 2015 demi meningkatkan kinerja Perseroan.

Sinergi dengan berbagai unit bisnis MNC Corporation terbukti mampu meleverage keunggulan Perseroan, menjadi sebuah kekuatan yang sulit ditandingi oleh perusahaan sekuritas lainnya di dalam negeri.

Kami percaya potensi yang besar dalam industri sekuritas nasional dan kemampuan Dewan Direksi dalam meningkatkan kinerja Perseroan. Karena itu kami yakin penambahan modal sebesar Rp100 miliar yang diberikan oleh pemegang saham di tahun 2015 dalam mendukung langkah ekspansi Perseroan merupakan sebuah bukti kepercayaan atas komitmen Dewan Direksi dalam memajukan MNC Securities.

Prospek Usaha Tahun 2015 memang ditandai dengan penurunan pertumbuhan ekonomi dari 5,02% di tahun 2014 menjadi 4,79% di tahun 2015. Meski demikian Dewan Komisaris meyakini perbaikan akan segera terlihat.

Delapan paket kebijakan ekonomi yang diluncurkan Pemerintah di tahun 2015 diyakini akan memperlihatkan hasil yang positif untuk mendorong pertumbuhan ekonomi di tahun 2016.

which grew by 34.35% throughout 2015 amounting to Rp16.412 million.

The Company’s assets continued to grow throughout 2015 with a total increase of 73.3% from Rp951 million to Rp1,647 million at the end of 2015.

Various positive indicators are eventually able to drastically reduce the Company’s net loss by 76,5% from Rp39,902 million in 2014 to Rp9,374 million in 2015. We surely understand that the economic downturn in Indonesia was one of the reasons.

The Board of Commissioners gives a positive assessment on the various initiatives taken by the Board of Directors throughout 2015 in order to enhance the Company’s performance.

Synergies between various MNC Corporation business units are proven to be able to leverage the Company’s strengths, thus becoming an unrivaled company among other securities companies in the country.

We believe there is a great potential in the national securities industry and the ability of the Board of Directors to increase the Company’s performance. Therefore, we assured the Rp100 billion capital increase granted by shareholders in 2015 is a means of supporting the Company’s expansion, and also a testament of trust for the Board of Directors’ commitment in improving the Company.

Business prospect 2015 was marked by a decrease in the economic growth from 5.02% in 2014 to 4.79% in 2015. In spite of this, the Board of Commissioners is of the opinion that the improvement will soon be seen.

Eight economic policy packages the Government has launched in 2015 are believed to show a positive result to boost economic growth in 2016.

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Karena itu pemerintah memprediksi pertumbuhan ekonomi di 2016 akan mencapai 5,3%. Bursa Efek Indonesia pun menargetkan penambahan jumlah emiten di pasar mencapai 35 perusahaan, atau lebih tinggi dari realisasi penambahan emiten di tahun 2015 yang mencapai 18 perusahaan.

Dewan Komisaris menilai masih banyak peluang dan potensi yang bisa diraih oleh Perseroan di tahun 2016 baik dari sisi perluasan nasabah ritel, institusi maupun potensi peningkatan klien untuk layanan investment banking.

Perubahan Komposisi Dewan KomisarsSelama tahun 2015 tidak ada perubahan susunan di jajaran Dewan Komisaris Perseroan.

ApresiasiAkhirnya, Dewan Komisaris menyampaikan penghargaan dan ucapan terima kasih atas kerja keras Dewan Direksi dan segenap karyawan sehingga Perseroan dapat terus mengukuhkan posisi MNC Securities sebagai perusahaan sekuritas unggulan.

Semoga keberhasilan yang diraih saat ini terus berlanjut di masa-masa mendatang.

Therefore, the government predicts economic growth in 2016 will reach 5.3%. Indonesia Stock Exchange also targeted to increase the number of listed companies on the market by 35, or higher than the realization in 2015, which reached 18 companies.

Therefore, the Board of Commissioners is of the opinion that there are many opportunities in 2016 the Company can capitalize on, be it in the expansion of retail clients and institutions or the potential improvement in investment banking services.

Changes in Board of Commissioners CompositionThroughout 2015, there was no change in the composition of the Board of Commissioners.

AppreciationAt last, the Board of Commissioners expresses our appreciation and gratitude for the hard work demonstrated by the Board of Directors and all employees, for which the Company has been able to stay atop as a securities company.

We hope that the achievements will continue in the future.

Hary TanoesoedibjoKomisaris Utama I President Commissioner

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SambutanDirektur UtamaMessage from President Director

Perseroan berhasil mengatasi kondisi perekonomian yang kurang kondusif di

tahun 2015 berkat optimismedan strategi bisnis yang tepat.

The Company successfully managed to overcome unfavorable economic

conditions in 2015, thanks to optimism and the right business strategies.

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Para Pemegang Saham dan Pemangku Kepentingan yang Terhormat,

Pertama-tama, perkenankan saya menyampaikan Puji Syukur kepada Tuhan Yang Maha Esa atas segala berkat yang dilimpahkan-Nya kepada kita semua. Karena atas berkat bimbingan-Nya, Perseroan mampu melalui berbagai tantangan di tahun 2015 dan bahkan mampu bertumbuh dengan pesat di tengah berbagai kesulitan yang melanda perekonomian Indonesia.

Kondisi Makro Ekonomi Tahun 2015 menjadi masa yang penuh tantangan bagi kondisi perekonomian Indonesia. Perlambatan ekonomi global berdampak langsung pada lesunya perekonomian Indonesia.

Faktor-faktor global yang berpengaruh antara lain adalah penurunan harga minyak mentah dunia dari di atas US$ 100 per barel hingga anjlok ke angka US$ 30 per barrel, serta perlambatan ekonomi Tiongkok yang berlarut-larut, dan kenaikan suku bunga Bank Sentral Amerika Serikat.

Kombinasi tantangan internal dan eksternal itu pada akhirnya memukul indeks harga saham gabungan IHSG) Indonesia ke level 4.593 atau turun 12,1% dibanding tahun 2014. Hal ini merupakan penurunan IHSG terbesar dalam tujuh tahun terakhir.

Dengan berbagai kondisi yang tidak menguntungkan itu rupiah pun tertekan hingga ke titik Rp14.600 per dolar AS.

Meski kondisi perekonomian nasional cukup sulit, namun Perseroan menghadapinya dengan optimisme dan berbagai strategi bisnis yang tepat. Secara garis besar, terdapat empat strategi yang ditempuh Perseroan agar terus bertumbuh di tahun

Dear Esteemed Shareholders and Stakeholders,

First of all, allow me to thank God for all the blessings that grace upon us. Under His guidance, the Company was able to overcome challenges in 2015 and managed to grow rapidly amidst various setbacks in Indonesian economy.

Macroeconomic Conditions 2015 was a challenging year for Indonesian economy. The global economic slowdown has a direct impact on Indonesian economy.

Global factors that have influenced the economic downturn, among others, are the decline in crude oil prices from US $ 100 per barrel to US $ 30 per barrel, as well as China’s economic slowdown, and the increased interest rates of the US Central Bank.

The combination of internal and external challenges eventually hit Indonesia stock price index (JCI) to the level of 4.593, down 12.1% compared to 2014. This is the JCI’s biggest drop in seven years.

A variety of unfavorable conditions have weakened the rupiah at Rp14,600 per US dollar.

Despite unfavorable national economic conditions, the Company was able to stay the course with optimism and various right business strategies. Broadly speaking, there are four strategies the Company executed to sustain its growth in 2015,

Susy MeilinaDirektur Utama I President Director

Susy Meilina

Direktur Utama I President Director



2015, yaitu: 1. Sinergi dengan seluruh unit bisnis dalam MNC

Group 2. Ekspansi cabang3. Memperkuat Online Trading4. Restrukturisasi Organisasi atau Business Model

Kinerja 2015Sepanjang tahun 2015 pendapatan usaha Perseroan mengalami peningkatan sebesar 106,76 %, dari Rp33.306 juta pada tahun 2014 menjadi Rp68.864 juta. Kontribusi pendapatan Perseroan berasal dari kegiatan perantara perdagangan efek, kegiatan penjamin emisi efek, dan pendapatan bunga dan dividen.

Pendapatan usaha terbesar berasal dari kegiatan penjamin emisi efek, yaitu sebesar Rp40.365 juta, atau tumbuh sebesar 3.603,68 % dibandingkan tahun 2014 yang sebesar Rp1.090 juta.

Pendapatan bunga dan dividen Perseroan pada tahun 2015 mencapai Rp16.412 juta, atau tumbuh sebesar 34,35 % dibandingkan dengan tahun sebelumnya sebesar Rp12.216 juta.

Adapun total pendapatan kegiatan perantara perdagangan efek pada tahun 2015 mencapai Rp12.087 juta, atau turun 39,56 % dibandingkan tahun 2014 yang sebesar Rp20.000 juta. Dengan melihat berbagai indikator tersebut, secara umum, pencapaian kinerja MNC Securities pada tahun 2015 lebih baik dibanding tahun 2014.

Prospek UsahaPerekonomian Indonesia ke depan diprediksi akan bergerak ke arah tren positif karena dipicu turunnya BI Rate di awal tahun 2016. Realisasi berbagai proyek infrastruktur pemerintah yang dirintis pada tahun-tahun sebelumnya pun menjadi faktor pemicu perbaikan ekonomi.

Perseroan pun telah mempersiapkan langkah-langkah untuk menyambut tahun 2016, di antaranya dengan rencana untuk menambah unit kantor cabang, melakukan perbaikan platform online trading MNC Trade, memperkuat infrastruktur back

namely: 1. Synergy between all business unites of MNC

Group 2. Branch expansion3. Strengthening Online Trading4. Restructuring the Organization or Business Model

Performance in 2015Throughout 2015, the Company’s revenues increased by 106.76%, from Rp33,306 million in 2014 to Rp68,864 million. Contributions to the Company’s revenues came from brokerage activities, securities underwriter activities, and interest and dividend income.

The Company’s largest operating revenues came from securities underwriter activities amounting to Rp40,365 million, or grew 3,603.68% compared to 2014 amounting to Rp1,090 million.

Interest and dividend income of the Company in 2015 reached Rp16,412 million, growing by 34.35% compared to the previous year at Rp12,216 million.

The total income of brokerage activities in 2015 reached Rp12,087 million, down 39.56% compared to 2014 amounting to Rp20,000 million. In general, looking at these indicators, MNC Securities’ performance achievement gained in 2015 was better than that in 2014.

Business prospectIndonesia’s economy is predicted to move forward with a positive trend, triggered by the decline in BI Rate in early 2016. Realization of various government infrastructure projects initiated in previous years has become a trigger factor of economic improvement.

The Company has also prepared steps to welcome the year 2016, including with plans to add 41 branch offices, make the improvement in MNC Trade online trading platform, strengthen the infrastructure of the back office and information technology as a whole as


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office serta teknologi informasi secara keseluruhan serta restrukturisasi organisasi agar Perseroan mampu bergerak lebih gesit dan fokus dalam mencapai target-target yang telah ditetapkan untuk tahun 2016.

Perubahan Komposisi DireksiSepanjang tahun 2015 terdapat tiga perubahan pada komposisi direksi. Perubahannya sebagai berikut:1. Pada bulan Juni 2015 terjadi pergantian Direktur

Utama Perseroan dari Bapak Alpino Kian Jaya kepada Ibu Susy Meilina.

2. Pengangkatan Bapak Heru Handayanto sebagai Direktur Keuangan dan Operasional.

3. Pengangkatan Ibu Fifi Virgantria sebagai Direktur Information Technology & Online Trading.

Apresiasi Mewakili Dewan Direksi Perseroan, perkenankan saya menyampaikan ucapan terima kasih dan penghargaan yang sebesar-besarnya kepada segenap karyawan MNC Securities yang telah bekerja dengan penuh dedikasi, komitmen dan antusiasme.

Kami juga mengucapkan terima kasih sedalam-dalamnya kepada Dewan Komisaris dan para nasabah kami yang telah memberikan kepercayaan dan dukungan penuh kepada Perseroan.

Terakhir, saya ingin menyampaikan, bahwa tahun 2015 yang baru saja kita lalui bersama sungguh bukan tahun yang mudah. Tapi kita sudah buktikan bersama-sama bahwa dengan bekerja keras dengan cermat Perseroan bisa bertahan bahkan bertumbuh pesat meskipun diuji oleh berbagai tantangan, dan semua itu bisa dicapai dengan teamwork yang bagus.

well as the organizational restructuring to enable the Company to be more agile and focus on achieving targets set for 2016.

Changes in Board of Directors CompositionThroughout 2015, there were three changes in the composition of the Board of Directors, as follows: 1. In June 2015, the Company’s President Director,

Mr. Alpino Kian Jaya, was replaced by Mrs. Susy Meilina.

2. Mr. Heru Handayanto was appointed as Director of Finance & Operations.

3. Mrs. Fifi Virgantria was appointed as Director of Information Technology and Online Trading.

Appreciation Representing the Company’s Board of Directors, please allow me to express our gratitude and appreciation earnestly to all employees of MNC Securities, who have worked with dedication, commitment and enthusiasm.

We would also like to thank profusely to the Board of Commissioners and our customers who have given the Company the trust and and full support.

Last but not least, I would like to say that 2015 was not an easy year. Nevertheless, we all have proven that, by working hard and meticulously, the Company managed to survive and even grow rapidly despite the fact that we had to go through setbacks. It’s all can be achieved with good teamwork.

Susy MeilinaDirektur Utama I President Director


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18

Sekilas PerusahaanCompany at a Glance


Company at a GlanCe

19

Data PerusahaanCorporate Data

Nama Perusahaan PT MNC Securitieswww.mncsecurities.com

Corporate Name

Kode Obligasi BSEC02ABSEC02B

Bonds Code

Alamat MNC Financial Center 14th-16thJl. Kebon Sirih No. 21-27, Jakarta 10340

Tel. : (021) 2980 3111Fax : (021) 3983 6868

Address

Tanggal Pendirian 17 Februari / February 2004 Establishment DateBidang Usaha Brokerage & Underwriting SectorTanggal Pencatatan di Bursa 06 Juli / Juli 2011 Listing Date

Sekretaris Perusahaan Heru Handayanto Corporate SecretaryPerusahaan Pemeringkat PT Pemeringkat Efek Indonesia (Pefindo)

Panin Tower Senayan City 17th FloorJl. Asia Afrika Lot. 19

Rating Agency

Wali Amanat PT Bank Mega, TbkMenara Bank Mega, 16th Floor

Jalan Kapten Tendean Kav 12-14AJakarta 12970

Trustee

Notaris Ny. Poerbaningsih Adi Warsito, SHJl. Panglima Polim V/11, Kebayoran Baru

Jakarta 12160

Notary

Akuntan Publik Kosasih, Nurdiyaman, Tjahjo dan RekanCyber 2 Tower 21st floor Unit F

Jalan H.R. Rasuna Said Blok X-5Jakarta 12950

Public Accountant

Konsultan Hukum Nindyo & AssociatesMenara Jamsostek Suite TA 05-14th Floor

Jl. Jend. Gatot Subroto No. 38Jakarta 12710

Legal Consultant


PT MNC Securities, selanjutnya disebut “Perseroan”, didirikan pada tahun 2004 dan sejak itu melayani nasabah di industri sekuritas Indonesia dengan nama PT Bhakti Securities.

Pada awal pendirian, Perseroan berfokus melayani bidang usaha perantara pedagang efek dan penjamin emisi. Kedua usaha tersebut sebelumnya dijalankan oleh induk usaha Perseroan, yakni PT MNC Kapital Indonesia Tbk (sebelumnya PT Bhakti Capital Indonesia Tbk).

Perseroan kemudian berubah nama menjadi PT MNC Securities di akhir tahun 2010 sebagai upaya bersinergi dengan MNC Group, induk perusahaan

PT MNC Securities, herein after referred to as “the Company”, was officially established in 2004 under the name of PT Bhakti Securities.

At first the Company was focused on securities trading/brokerage and underwriting, which were previously managed by the parent company, PT MNC Kapital Indonesia Tbk (previously PT Bhakti Capital Indonesia Tbk).

At the end of 2010, the Company changed its name to PT MNC Securities as part of strategic synergy with the MNC Group, the holding company which

SekilaS peruSahaan

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Riwayat Singkat PerusahaanBrief Company Profile


yang memiliki berbagai lini bisnis, mulai dari bisnis media, jasa keuangan, sumber daya alam dan infrastruktur.

Upaya Perseroan untuk meningkatkan kinerjanya terus berlanjut di awal tahun 2013. Perseroan melakukan rebranding sistem layanan online trading yang telah dimiliki menjadi MNC Trade, dari sebelumnya Bhakti Online Brokerage yang telah berjalan sejak tahun 2010. Upaya ini diharapkan dapat meningkatkan brand awareness Perseroan.

Perseroan sendiri memulai sistem layanan online trading MNC Trade untuk menjawab tantangan tren perdagangan efek secara online. Sistem ini merupakan wujud komitmen Perseroan dalam memanfaatkan teknologi informasi untuk menjangkau lebih banyak nasabah.

Selain itu, program sosialisasi dan edukasi mengenai dunia pasar modal bagi masyarakat luas juga telah berhasil meningkatkan nasabah potensial yang terus bertambah di setiap tahunnya.

Di tahun 2015 layanan investment banking Perseroan pun mencetak kinerja gemilang. Tercatat 4 perusahaan yang terdiri dari 2 perusahaan multifinance, 1 Bank Pembangunan Daerah dan 1 BUMN mempercayai Perseroan sebagai underwriter mereka dalam menerbitkan obligasi dan Medium Term Notes (MTN).

Keberhasilan ini berhasil dicapai berkat arahan dari Dewan Komisaris, dan Dewan Direksi Perseroan yang kemudian pelaksanaannya berhasil dijalankan dengan baik oleh segenap karyawan MNC Securities.

Pada tahun 2015, Perseroan membukukan kinerja yang baik meskipun kondisi pasar modal selama tahun berjalan di bawah pertumbuhan di tahun 2014.

Kinerja tersebut dibuktikan dengan masuknya Perseroan dalam posisi 20 besar pada peringkat

manages a well-established multi businesses covering the media, financial services, natural resources and infrastructure.

At the beginning of 2013, the Company rebranded its online trading system. Bhakti Online Brokerage, which had been operating since 2010, changed its name to MNC Trade, a move which was expected to boost the customers’ brand awareness in the online trading activity.

The Company launched the online trading system known as MNC Trade as a response to the trend in the online trading business. The use of the new system strengthens the Company’s commitment in utilizing information technology to reach more customers.

Moreover, the Company’s capital market dissemination and education programs aimed at the public have successfully led to the increase in potential customers that are growing year by year.

In 2014, The Company’s investment banking services scored impressive performance. To note, four corporations, which consist of two multi-finance companies, one regional development bank, and one SOE entrusted the Company as their underwriter in the issuance of bonds and Medium Term Notes (MTN).

The success is due to the guidance from the Board of Commissioners and the Board of Directors, which everyone at MNC Securities translated and implemented very well in their activities.

In 2015, the Company maintained its good performance despite the stock market growth having tremendous pressure and performing less than the growth in 2014.

This good performance is evident in the Company’s success in achieving Top 20 of industrial ranking in

Company at a GlanCe

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industri perantara pedagang efek, dimana mayoritas pemegang posisi tersebut adalah perantara pedagang efek asing dan BUMN (Badan Usaha Milik Negara). Posisi tersebut sekaligus menunjukkan daya saing Perseroan sebagai salah satu perantara pedagang efek swasta nasional.

Salah satu prestasi yang berhasil dicatatkan Perseroan adalah peningkatan jumlah jaringan distribusi yang telah beroperasi di seluruh wilayah Indonesia. Di tahun 2014 terdapat 35 (tiga puluh lima) jaringan distribusi Perseroan. Di tahun berikutnya, jumlahnya melonjak mencapai 41 (empat puluh satu) jaringan distribusi atau naik hingga 17%.

Tentu, prestasi ini merupakan buah dari komitmen total seluruh elemen Perseroan, termasuk di antaranya pihak manajemen dan karyawan.

Hasil yang telah dicapai selama tahun 2015 membuat Perseroan semakin percaya diri untuk terus mengembangkan produk dan layanannya serta berekspansi ke segmen pasar yang lebih beragam.

Salah satu langkah ekspansi tersebut yakni dengan pengembangan platform online trading MNC Trade ke ranah aplikasi mobile berbasis sistem operasi iOS, dan Android di tahun 2015, yang diharapkan dapat menjangkau target market dari kalangan yang lebih muda.

Lebih lanjut, ekspansi Perseroan pun didukung pula oleh sinergi yang kuat dari grup perusahaan, yakni MNC Group yang memiliki puluhan unit bisnis media massa baik cetak, maupun elektronik, pengembangan teknologi serta positioning Perseroan yang kuat di industri pasar modal.

brokerage. Many of the other companies in the list are foreign companies and state-owned enterprises. The position indicates the Company competitiveness as one of the private brokerage companies.

One of the Company’s achievements was an increase number of the office branches in the country. In 2014, the Company had 35 (thirty-five) offices. The following year, the number jumped to 41 (forty-one) or increased 17%.

The achievement is the fruit of the total commitment from all elements in the Company, including the management and the employees.

The achievement gained in 2015 strengthened the Company’s confidence in developing its products and services, and expanding to greater market segmentation.

One of the moves is the Company’s expansion of its online trading platform with its mobile-based application on iOS and Android operating systems. The move is expected to help reach wider target market of the younger customers.

Furthermore, the expansion is supported by the strong synergy of the group company, which is MNC Group that oversees dozens of mass media business units, be it printed or electronic. Other supports come in the form of technological development, and the Company’s strong positioning in the capital market.

SekilaS peruSahaan

22


Company at a GlanCe

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Visi, Misi dan FilosofiVision, Mission and Philosophy

Visi | Vision

Menjadi Perusahaan Sekuritas Terbaik dan Terpercaya di IndonesiaTo be the Best and Most Trustworthy Securities Company in Indonesia

.......................................................................................................................................................................

Misi | Mission

l Berorientasi pada pemberian layanan yang terbaik bagi para nasabahnya secara berkesinambungan Orientated in giving excellent service to its investor continuallyl Bertindak secara profesional Act in professional mannerl Berlaku inovatif dan progresif Be innovative and progressive

.......................................................................................................................................................................

Filosofi | Philosophy

Visi | VisionMemiliki arah bisnis yang fokus dan jelas yang dilandasi oleh kemampuan melihat kesempatan yang ada.To have a focused and clear business direction based on the ability to foresee available opportunities.

integritas | inteGritySelalu memberikan yang terbaik dengan membangun kepercayaan dengan semua mitra usaha.To always offer the best by building up the level of trust with all business partners.

persistensi | PersistenCeMelakukan segala sesuatu dengan ulet dan pantang menyerah untuk memperoleh hasil maksimal.To perform all matters with tenacity and unrelenting pursuit to achieve optimal result.


SekilaS peruSahaan

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Struktur Organisasiorganization structure

Investment BankIng

fInancIaladvIsory

onlIne tradIng

corporate Bond

rIsk management

underwrItIng It government Bond

fInanceorIgInatIon/syndIcatIon

retaIlBond

settlement& custody

customerservIce

onlIne tradIng & It

legal &complIance

presIdent dIrector

Board of commIsIoners

Internal audIt

partnershIp fIxed Income analyst

hIgh networth

InstItutIonal

dealer

fIxed IncomeequIty/marketIng

equIty retaIl

operatIon &fInance

marketIng communIcatIon

hrd

secretaryBusInessdevelopment

audIt commIttee

operatIon

accountIng& tax

treasury

general servIce& procurement

research

research(retaIl)


Company at a GlanCe

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Struktur KorporasiCorporate structure


SekilaS peruSahaan

26

equity

1. Perantara Transaksi Saham a. Rekening Reguler b. Rekening Margin c. Rekening Repo2. Sarana Transaksi a. Konvensional b. Onlline Trading 3. Jenis Nasabah a. Retail b. High Networth c. Institusi

equity

1. Stock Brokerage a. Reguler Account b. Margin Account c. Repo Account2. Sarana Transaksi a. Konvensional b. Onlline Trading 3. Types of Customers a. Retail b. High Networth c. Institution

Produk dan LayananProducts and services


investment Banking

1. Capital Markets a. Initial Public Offering (IPO) b. Right Issue c. Obligasi d. Medium Term Notes (MTN)2. Corporate Finance Advisory a. Privatization & Divestments b. Strategic & Financial Partner c. Asset Disposals & Placement d. Merger & Acquisition e. Tender Offer f. Restructuring g. Other Advisory Services

Fixed income

pasar perdana 1. Peserta Lelang dalam Pelaksanaan Lelang Surat

Utang Negara dan Lelang Surat Berharga Syariah Negara.

2. Agen Penjual dalam Pelaksanaan Penawaran Umum Perdana Obligasi Negara Ritel (ORI) dan Sukuk Negara Ritel (SUKRI)

3. Agen Penjual dalam Pelaksanaan Penawaran Umum Perdana Obligasi Korporasi dan Sukuk Korporasi

pasar sekunder1. Pedagang Perantara Transaksi Obligasi Negara

dan Surat Berharga Syariah Negara dalam IDR dan USD

2. Pedagang Perantara Transaksi Obligasi Negara Ritel dan Surat Berharga Syariah Negara Ritel

3. Pedagang Perantara Transaksi Obligasi dan Sukuk Korporasi dalam IDR dan USD

4. Peserta Lelang dalam Pelaksanaan Lelang Buy Back dan Debt Switching

5. Pedagang Perantara Transaksi Ritel untuk Nasabah, dan bekerja sama dengan Bank lain.

investment Banking

1. Capital Markets a. Initial Public Offering (IPO) b. Right Issue c. Bond d. Medium Term Notes (MTN)2. Corporate Finance Advisory a. Privatization & Divestments b. Strategic & Financial Partner c. Asset Disposals & Placement d. Merger & Acquisition e. Tender Offer f. Restructuring g. Other Advisory Services

Fixed income

Primary Market1. Bidder in the Government Bonds Auction &

Islamic Securities Auction2. Retail Government Sukuk Initial Public Offering

Selling Agent and Sharia Government Bond Retail (SUKRI)

3. Corporate Bonds & Corporate Sukuk Initial Public Offering Selling Agent

secondary Market 1. Government Bonds & Sukuk Broker Dealer in IDR

and USD2. Sukuk Broker Dealer and Sharia Government

Bond Retail3. Corporate Bonds and Sukuk Broker Dealer in IDR

and USD4. Government Bonds Buy Back & Debt Switching

Auction Member4. Retail Transaction Dealer for Clients, and in

Partnership with Other Banks

Company at a GlanCe

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Hary tanoesoedibjoKomisaris Utama i President Commissioner

Warga Negara Indonesia kelahiran Surabaya tahun 1965. Bapak Hary Tanoesoedibjo merupakan pendiri MNC Group dan hingga saat ini masih menjabat sebagai President Group dan CEO PT MNC Investama Tbk (dahulu PT Bhakti Investama Tbk). Sejak bulan Februari 2004 Beliau menjabat sebagai Komisaris Utama PT MNC Securities sesuai dengan Akta Perseroan Terbatas PT Bhakti Securities No. 99 tanggal 17 Februari 2004 yang dibuat di hadapan Notaris Aulia Taufani, SH, pengganti dari Notaris Sutjipto, SH, yang berkedudukan di Jakarta, juncto Akta Pernyataan Keputusan Para Pemegang Saham di Luar Rapat No. 24 tanggal 22 Maret 2013 yang dibuat di hadapan Notaris Ivan Gelium Lantu, SH, MKn yang berkedudukan di Kota Depok.

Bapak Hary Tanoesoedibjo memperoleh gelar Bachelor of Commerce (Honors) dari Carleton Unversity, Kanada di tahun 1988 dan Master of Business Administration dari Ottawa University, Kanada pada tahun 1989.

Selain di PT MNC Securities, Beliau juga menjabat di berbagai anak perusahaan MNC Group. Beliau menjabat sebagai Direktur Utama pada: PT MNC Investama Tbk sejak 2009, PT Global Mediacom Tbk sejak 2002, PT Media Nusantara Citra Tbk sejak 2004, PT Rajawali Citra Televisi Indonesia (RCTI) sejak 2010, PT MNC Land Tbk sejak 2011, PT GLD Property sejak 2012. Selain itu Beliau menjabat sebagai Komisaris Utama pada: PT MNC Sky Vision Tbk (Indovision) sejak 2006, PT MNC Securities sejak 2004, PT Global Informasi Bermutu (Global TV) sejak 2009, PT Media Nusantara Informasi sejak 2009 dan PT Cipta Televisi Pendidikan Indonesia (MNCTV) sejak 2011.

Bapak Hary Tanoesoedibjo juga aktif mengabdikan dirinya kepada masyarakat dengan menjadi pembicara di berbagai acara media di tingkat

profil Dewan komiSariS

Profil Dewan KomisarisBoard of Commissioners’ Profile

29


nasional dan internasional, serta mengajar di program pascasarjana di berbagai universitas di bidang corporate finance, investasi dan strategi manajemen.

-----------------------------------------------------------

An Indonesian citizen, born in Surabaya in 1965, Hary Tanoesoedibjo is the founder of MNC Group. He is the current President Group and CEO of PT MNC Investama Tbk (previously PT Bhakti Investama Tbk). Since February 2004, he has been President Commissioner of PT MNC Securities based on Limited Company Deed PT Bhakti Securities No. 99 dated 17 February 2004 made before Aulia Taufani, SH, Notary, as a substitute for Sutjipto, SH, Notary, with the office in Jakarta, juncto Deed of Shareholders outside GMS No. 24 dated 22 March 2013 made before Ivan Gelium Lantu, SH, MKn., Notary, with the office in Depok.

Hary Tanoesoedibjo obtained a Bachelor of Commerce (Honours) from Carleton University, Canada in 1988, and Master of Business Administration from Ottawa University, Canada in 1989.

Besides his position at PT MNC Securities, Hary also holds various positions in other MNC Group’s subsidiaries. He has been President Director at: PT MNC Investama Tbk since 2009, PT Global Mediacom Tbk since 2002, PT Media Nusantara Citra Tbk since 2004, PT Rajawali Citra Televisi Indonesia (RCTI) since 2010, PT MNC Land Tbk since 2011, and PT GLD Property since 2012. Furthermore, Hary also serves as President Commissioner at: PT MNC Sky Vision Tbk (Indovision) since 2006, PT MNC Securities since 2004, PT Global Informasi Bermutu (Global TV) since 2009, PT Media Nusantara Informasi since 2009 and PT Cipta Televisi Pendidikan Indonesia

(MNCTV) since 2011.

Hary also dedicating his life to the society by being a regular speaker at numerous national and international media events, he is also a lecturer of postgraduate programs in the areas of corporate finance, investment and management strategies at several universities.

BoarD of CommiSSionerS’ profile

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Darma putraKomisaris i Commissioner

Warga Negara Indonesia kelahiran Medan tahun 1966. Bapak Darma Putra menjabat Komisaris Perseroan didasari oleh Akta Pernyataan Keputusan Para Pemegang Saham No. 4 tanggal 18 November 2009 yang dibuat di hadapan notaris Isyana Wisnuwardhani Sadjarwo, SH, MH, di Jakarta Pusat, juncto Akta Pernyataan Keputusan Para Pemegang Saham di Luar Rapat No. 24 tanggal 22 Maret 2013 yang dibuat di hadapan notaris Ivan Gelium Lantu, SH, MKn, yang berkedudukan di kota Depok.

Gelar Sarjana berhasil diraih Beliau dari Oregon State University Corvallis, Oregon, Amerika Serikat pada tahun 1988 dan berikutnya gelar MBA di bidang Finance dari The University of Minnesota, Minneapolis, Amerika Serikat pada tahun 1990.

Beliau juga menjabat sejumlah posisi strategis di jajaran perusahaan MNC Group, yakni Komisaris di PT MNC Finance (dahulu PT Bhakti Finance), Komisaris PT Indonesia Air Transport Tbk, Komisaris Utama PT MNC Life Assurance, Direktur Utama PT MNC Kapital Indonesia Tbk (dahulu PT Bhakti Capital Indonesia Tbk) dan Direktur PT MNC Investama Tbk.

Bapak Darma Putra merintis karir di bidang jasa keuangan sebagai Analis Riset di PT Sun Hung Kai Securities Indonesia (1990-1991), Financial Planning Executive di Bumi Raya Utama Group (1991-1997), kemudian ditunjuk sebagai Chief Financial Officer PT Marga Mandalasakti (1997-1998). Karirnya terus melesat saat Beliau ditunjuk sebagai DirekturKeuangan di PT Kurnia Kapuas Utama Tbk (1998-1999), Wakil Direktur Utama PT Marga Mandalasakti (1999-2001) dan selanjutnya menjadi Direktur Utama PT Marga Mandalasakti (2001-2008). Sejak tahun 2010 hingga saat ini, Beliau juga menjabat sebagai Komisaris PT Indo Finance Perkasa.


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An Indonesian citizen, born in Medan in 1966, Darma Putra became the Company’s Commissioner based on the Deed of Shareholders No. 4 dated 18 November 2009 made before Isyana Wisnuwardhani Sadjarwo, SH, MH, Notary, in Central Pusat, juncto the Deed of Shareholders outside GMS No. 24 dated 22 March 2013 made before Ivan Gelium Lantu, SH, MKn, Notary, with office on Depok.

Darma earned his Bachelor’s degree from Oregon State University Corvallis, Oregon, US in 1988, and obtained his MBA in Finance from The University of Minnesota, Minneapolis, US in 1990.

He holds several strategic positions in MNC Group. He is Commissioner at PT MNC Finance (previously PT Bhakti Finance), Commissioner of PT Indonesia Air Transport Tbk, President Commissioner of PT MNC Life Assurance, President Director of PT MNC Kapital Indonesia Tbk (previously PT Bhakti Capital Indonesia Tbk), and Director of PT MNC Investama Tbk.

Darma builds his career in financial services having started as a research analyst for PT Sun Hung Kai Securities Indonesia (1990-1991), and Financial Planning Executive for Bumi Raya Utama Group (1991-1997), before he was appointed Chief Financial Officer of PT Marga Mandalasakti (1997-1998). His career continued to progress as he was appointed Financial Director of PT Kurnia Kapuas Utama Tbk (1998-1999), Deputy President Director of PT Marga Mandalasakti (1999-2001), and then was appointed President Director of PT Marga Mandalasakti (2001-2008). Since 2010 he has held the position of Commissioner of PT Indo Finance Perkasa.


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Warga Negara Indonesia kelahiran Tanjung Karang - Lampung tahun 1964. Bapak Agustinus Wishnu Handoyono bergabung dengan PT MNC Investama Tbk sejak tahun 1990 dan telah menjabat sebagai Komisaris Perseroan sejak Oktober 2009. Beliau ditunjuk berdasarkan Akta Pernyataan Keputusan Para Pemegang Saham No. 4 tanggal 18 November 2009 yang dibuat di hadapan notaris Isyana Wisnuwardhani Sadjarwo, SH, MH, di Jakarta Pusat juncto Akta Pernyataan Keputusan Para Pemegang Saham Di Luar Rapat No. 24 tanggal 22 Maret 2013 yang dibuat di hadapan notaris Ivan Gelium Lantu, SH, MKn, di Kota Depok.

Gelar Sarjana berhasil diraih Beliau dari Universitas Sebelas Maret Surakarta pada tahun 1998 dan gelar Master di bidang Manajemen dari Universitas Gadjah Mada pada tahun 2002.

Beliau mengawali karir di bidang jasa keuangan sebagai Financial Advisor di PT Artha Prima Margin, Floor Trader PT MNC Investama Tbk di Bursa Efek Surabaya (BES) tahun 1990hingga akhirnya dipromosikan sebagai Direktur PT MNC Investama Tbk.

Bapak Agustinus Wishnu Handoyono juga pernah menduduki posisi Komisaris PT AGIS Tbk (2001-2002), Komisaris PT MNC Asset Management (dahulu PT Bhakti Asset Management) untuk periode tahun 2000-2004, Direktur PT MNC Investama Tbk (1999-2003), Direktur PT MNC Kapital Indonesia Tbk pada tahun 2003-2004, dan Direktur PT MNC Securities (2004-2009). Saat ini Beliau masih menjabat Direktur PT Mandala Swarnabhumi.

a. Wishnu HandoyonoKomisaris i Commissioner


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An Indonesian citizen, born in Tanjung Karang, Lampung in 1964, Agustinus Wishnu Handoyono joined PT MNC Investama Tbk in 1990, and has been one of the Company’s commissioners since October 2009. His appointment is based on the Deed of Shareholders No. 4 dated 18 November 2009 made before Isyana Wisnuwardhani Sadjarwo, SH, MH, Notary in Central Jakarta juncto the Deed of Shareholders outside GMS No. 24 dated 22 March 2013 made before Ivan Gelium Lantu, SH, MKn, Notary, in Depok.

Wishnu obtained his Bachelor’s degree from Sebelas Maret University, Surakarta, in 1998. He then earned his Master’s in Management from Gadjah Mada University in 2002.

He started his career in financial industry as Financial Advisor for PT Artha Prima Margin, Floor Trader for PT MNC Investama Tbk. in Surabaya Stocks Exchange (BES) in 1990, until he was promoted as Director of PT MNC Investama Tbk.

Wishnu also held the position of Commissioner of PT AGIS Tbk (2001-2002), Commissioner of PT MNC Asset Management (previously PT Bhakti Asset Management) for the period of 2000-2004, Director of PT MNC Investama Tbk (1999-2003), Director of PT MNC Kapital Indonesia Tbk from 2003 until 2004, and Director of PT MNC Securities (2004-2009). Currently he is Director of PT Mandala Swarnabhumi.



Warga Negara Indonesia, kelahiran Klaten tahun 1947. Bapak Christ Soepontjo telah menjabat Komisaris Independen Perseroan sejak Juli 2009 sesuai dengan akta Pernyataan Keputusan Rapat No. 06 tanggal 2 Juli 2009 yang dibuat di hadapan notaris Fransiscus Xaverius Budi Santoso Isbandi, SH. yang berkedudukan di Jakarta juncto Akta Pernyataan Keputusan Para Pemegang Saham di Luar Rapat No. 24 tanggal 22 Maret 2013 yang dibuat dihadapan notaris Ivan Gelium Lantu, SH, MKn, Notaris di Kota Depok. Beliau menyelesaikan pendidikan Kepolisian Republik Indonesia di AAK dan lulus pada tahun 1968, PTIK pada tahun 1975, SESPIMPOL pada tahun 1981, SESKO ABRI pada tahun 1991 dan lulus LEMHANAS pada tahun 2000.

Sebelum menjabat sebagai Komisaris Perseroan, Beliau pernah menjabat sebagai Komisaris Independen PT MNC Finance (dahulu PT Bhakti Finance) pada periode tahun 2006-2009.

Memulai karir profesionalnya di Kepolisian Republik Indonesia selaku Kasi Ops. Komtares Pare- Pare di Polda Sulawesi Selatan (1970), PA Koserse POLRI (1975), Dan Sat Serse Dak Riau (1982), Kapolresta Pekan Baru Dak Riau (1982), Kasat. Serse Polda Jabar dan Wakapoltabes Bandung Polda Jabar (1985), Wakapolwil Purwakarta Polda Jabar (1987), Kadit Diklat Polda Sulawesi Utara (1991), Kapolwiltabes Surabaya Jatim (1992), Kasubdit Tipikor Ditserse Polri (1993), Ses Ditserse Polri (1996), Wakil Gubernur PTIK (1997), Kapolda Kaltim (1998), Waaslog Kapolri (1999) dan Deputi Inspektur Jenderal Kepolisian RI tahun 2001 sebelum akhirnya memasuki masa purna bhakti di tahun 2002.

Drs. Christ soepontjoKomisaris i Commissioner


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An Indonesian citizen born in Klaten in 1947, Christ Soepontjo has been the Company’s Independent Commissioner since July 2009 based on Deed of Meeting Resolution No. 06 dated 2 July 2009 made before Fransiscus Xaverius Budi Santoso Isbandi, SH., Notary with office in Jakarta juncto the Deed of Shareholders outside GMS No. 24 dated 22 March 2013 made before Ivan Gelium Lantu, SH, MKn, Notary with office in Depok. Christ studied at National Police and graduated in 1968. He graduated from PTIK in 1975, SESPIMPOL in 1981, SESKO ABRI in 1991, and LEMHANAS in 2000.

Prior to holding his position as Commissioner in the Company, he was Independent Commissioner of PT MNC Finance (previously PT Bhakti Finance) for 2006-2009 period.

Christ started his career in the Indonesian Police Force as Head of Operational Division of Pare-Pare Police Resort Department in South Sulawesi Police Department (1970), Criminal Investigation Command Officer of Indonesian Police (1975), Riau Police Department Criminal Investigation Commander (1982), Pekanbaru Chief of Police Department, Riau Province (1982), West Java Criminal Investigation Commander, and Deputy Chief of Police of Bandung Police Department, West Java Province (1985), Deputy Chief of Purwakarta Regional Police Department (1987), Head of Directorate of Police Training of North Sulawesi Police Department (1991), Surabaya Chief of Police, East Java (1992), Head of Sub-Directorate of Corruption Crime Investigation of National Police (1993), National Police Criminal Investigation Secretary (1996), Deputy Governor of Police Science Institute or PTIK (1997), East Kalimantan Chief of Police (1998), Deputy Assistant of Logistics of National Police Chief (1999), and Deputy Inspector General of National Police in 2001. He entered his retirement age in 2002.


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Profil Dewan DireksiBoard of Directors’ Profile

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Warga Negara Indonesia kelahiran Jakarta tahun 1968. Ibu Susy Meilina diangkat sebagai Direktur Utama Perseroan sejak Juni 2015 dengan dasar penunjukan sesuai dengan Akta Pernyataan Keputusan Para Pemegang Saham Di Luar Rapat No.28 tanggal 25 Juni 2015 yang dibuat di hadapan Ivan Gelium Lantu, SH, MKn, Notaris di Kota Depok.

Beliau meraih gelar Sarjana Ekonomi dari Universitas Trisakti (1992), melanjutkan studinya di Auckland University (1993), meraih gelar Master of Applied Finance dari Securities Institute of Australia (2004) dan Magister Manajemen dari Sekolah Bisnis IPMI (2004).

Pengalaman karir beliau di bidang operasional dan keuangan, diawali di HSBC (1993-1996), PT Lippo Securities Tbk (1996-2000) dan sebagai Direktur Operasional PT UOB Kay Hian Securities (2000-2010). Beliau pernah menjabat sebagai Anggota Komite Disiplin Bursa Efek Indonesia (2007-2009) dan saat ini menjabat Ketua umum Asosiasi Perusahaan Efek Indonesia (2014-2017)....................................................................................An Indonesian citizen born in Jakarta in 1968, Susy Meilina has been the Company’s President Director since June 2015. Her appointment as President Director is based on the Deed of AGMS decision No.28 dated 25 June, 2015, which was signed before Ivan Gelium Lantu, SH, MKn, Notary in Depok.

Susy graduated from Economic Faculty of Trisakti University in 1992, continued her study at Auckland University (1993), earned her Master of Applied Finance from Securities Institute of Australia (2004), and Magister Management from IPMI School of Business (2004).

Susy has had extensive experience in operational, and finance. Her career took off with HSBC (1993-1996), PT Lippo Securities Tbk (1996-2000), and she was appointed Operational Director of PT UOB Kay Hian Securities (2000-2010). She becoming a member of Indonesia Stock Exchange Disciplinary Committee (2007-2009), and from 2014 until 2017, she is Chairwoman of Association of Indonesian Securities Companies.

susy MeilinaDirektur Utama i President Director

profil Dewan DirekSi


Warga Negara Indonesia, kelahiran Garut, Jawa Barat, tahun 1962. Bapak Dadang Suryanto menjabat sebagai Direktur Investment Banking Perseroan sejak Agustus 2014. Gelar Sarjana berhasil diraih Beliau dari Fakultas Ekonomi Pertanian Universitas Gadjah Mada dan MBA di bidang keuangan perusahaan dari University of Dallas, Texas.

Rekam jejak Beliau di industri keuangan terentang lebih dari 25 tahun. Sebelum bergabung dalam jajaran direksi Perseroan, Beliau mengawali karir di Dept. Treasury PT Bank Exim (Persero) (1987-1991), Staf Profesional Dept. Sistem dan Prosedur di PT Bank Uppindo (1994-1995), sebagai Manager Dept. Operasi Treasury di Bank IBJ Indonesia (1995-1997), sebagai VP Investment Banking di PT Exim Securities (1997-2000) dan bergabung di PT Mandiri Sekuritas di Divisi Investment Banking dengan jabatan terakhir EVP-Kepala Divisi Investment Banking. ...................................................................................An Indonesian citizen born in Garut, West Java in 1962, Dadang Suryanto has been the Company’s Director of Investment Banking since August 2014. He earned his Bachelor’s degree from Economic Faculty of Gadjah Mada University, and MBA in Corporate Finance from the University of Dallas, Texas.

Dadang has had experiences in the finance industry for more than 25 years. Before joining the Company’s Board of Directors, he had held a position in the Treasury Department of PT Bank Exim (Company) (1987-1991), Professional Staff in System and Procedure Department of PT Bank Uppindo (1994-1995), Manager of Treasury Operation Department of Bank IBJ Indonesia (1995-1997), VP Banking Investment of PT Exim Securities (1997-2000), working for PT Mandiri Sekuritas Banking Investment Division before holding the position of EVP-Division Head of Banking Investment. Dadang suryanto

Direktur Investment Banking i Director of investment Banking

BoarD of DireCtor’ profile

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Warga Negara Indonesia kelahiran Jakarta tahun 1971. Bapak Heru Handayanto menjabat sebagai Direktur Keuangan dan Operasional Perseroan sejak tahun 2015 serta Sekretaris Perusahaan Perseroan. Gelar Sarjana Akuntansi diraih Beliau dari Fakultas Ekonomi Universitas Indonesia.

Pengalaman Beliau di industri keuangan terentang selama 20 tahun lebih. Sebelum bergabung di Perseroan, Beliau mengawali karir sebagai staf akuntansi di IBM Indonesia (1995), Senior Manager Operations PT Danareksa Futures, Manager Treasury & Direct Investment Operation PT (Persero) Danareksa Investment Bank, Senior Manager Risk Management PT (Persero) Danareksa (2002-2003), Assistant Vice President Risk Management PT Mandiri Sekuritas (2003-2005), VP Head of Accounting & Finance PT Mandiri Sekuritas (2005-2009), EVP Head of Finance Accounting & Operation PT Mandiri Sekuritas (2009-2013), dan Chief Operating Officer PT CIMB Securities Indonesia (2013-2015)....................................................................................An Indonesian citizen born in Jakarta in 1971, Heru Handayanto has hold the position of the Company’s Director of Finance and Operation since 2015 and the Company’s Corporate Secretary. He got his degree in Accounting from University of Indonesia.

Heru has had more than 20 years of experience in the finance industry. Prior joining the Company, he had worked for IBM Indonesia as an accounting staff (1995), Senior Manager of Operations of PT Danareksa Futures, Manager Treasury & Direct Investment Operation of PT (Persero) Danareksa Investment Bank, Senior Manager of Risk Management for PT (Company) Danareksa (2002-2003), Assistant Vice President of PT Mandiri Sekuritas Risk Management (2003-2005), VP Head of Accounting & Finance of PT Mandiri Sekuritas (2005-2009), EVP Head of Finance Accounting & Operation PT Mandiri Sekuritas (2009-2013), and Chief Operating Officer of PT CIMB Securities Indonesia (2013-2015).

Heru HandayantoDirektur Keuangan dan Operasional i Director of Finance and operation

profil Dewan DirekSi

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Warga Negara Indonesia kelahiran Bangka tahun 1973. Ibu Fifi Virgantria menjabat sebagai Direktur IT & Online Trading Perseroan sejak tahun 2015. Beliau meraih gelar Sarjana di bidang Manajemen Informatika dari Universitas Bina Nusantara.

Perjalanan karir Beliau selama 20 tahun terakhir banyak dihabiskan di bidang teknologi informasi khususnya di sektor keuangan. Sebelum bergabung di Perseroan, Beliau mengawali karir sebagai Manajer IT PT Asuransi Harapan Aman Tbk (1995-1997), Manajer IT PT Sassoon Securities Indonesia (1997-2001), Manajer IT PT Danpac Sekuritas (2001-2010), dan Direktur IT & Online Trading PT Danpac Sekuritas (2010-2015).

Selain berkarir di bidang TI pada sektor keuangan, Ibu Fifi Virgantria juga pernah menjadi dosen Sistem Informasi dan Pemrograman Terstruktur Universitas Bina Nusantara (1995-2000), dan menjabat sebagai Anggota Komite Teknologi Informasi dan Manajemen Risiko PT Bursa Efek Indonesia (2013-2015). ...................................................................................An Indonesian citizen born in Bangka in 1973, Fifi Virgantria was appointed Director of IT & Online Trading in 2015. She got her Bachelor’s degree in Management Informatics from Bina Nusantara University.

For 20 years, Fifi has built her career mostly in the IT department, especially in the finance industry. Before joining the Company, she worked as IT Manager of PT Asuransi Harapan Aman Tbk (1995-1997), IT Manager of PT Sassoon Securities Indonesia (1997-2001), IT Manager of PT Danpac Sekuritas (2001-2010), and Director of IT & Online Trading for PT Danpac Sekuritas (2010-2015).

Besides her career in the IT department of the finance industry, Fifi once dedicated her time as a lecturer at Bina University where she taught Information System and Structured Programming (1995-2000). Currently, she was a member of the Committee of Information Technology and Risk Management of PT Bursa Efek Indonesia (2013-2015).

Fifi VirgantriaDirektur Information Technology & Online Trading i

Director of information technology &online trading

BoarD of DireCtor’ profile

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SumBer Daya manuSia

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Sumber Daya ManusiaHuman resources

Sumber daya manusia merupakan salah satu aset utama MNC Securities yang berperan penting dalam menentukan keberhasilan aktivitas bisnis Perseroan.

MNC Securities meyakini bahwa dalam pencapaian visi dan misi Perseroan wajib dilakukan berbagai usaha yang dapat menunjang pengembangan dan peningkatan kualitas SDM secara optimal.

Perseroan pun bertekad untuk mempertahankan keunggulan kompetitif dan kepemimpinan dalam industri sekuritas melalui peningkatan kompetensi Sumber Daya Manusia (SDM) yang berkelanjutan, sejalan dengan dinamika industri dan perkembangan usaha. Perseroan memberikan perhatian khusus pada pengembangan SDM sebagai bagian tak terpisahkan

Human resources is one of the main assets of MNC Securities, which plays an important role in determining the success of the Company’s business activities. MNC Securities also believes that in achieving the vision and mission of the Company shall be made various efforts to support the development and improvement of the quality of human resources. The goal is to fully optimizing the utilization of human resources. The Company is determined to maintain competitive advantage and leadership in the securities industry by improving the competence of Human Resources (HR), in line with the dynamics of the industry and business development.

The Company pays special attention to human resource development as an integral part of the


dari strategi pengembangan bisnis.

Di tahun 2015, Perseroan telah melakukan berbagai hal yang terkait dengan pengembangan SDM, yang secara garis besar dapat disebutkan sebagai berikut :

program rekrutmen sDMDalam rangka memenuhi kebutuhan Perseroan akan SDM yang berkualitas, Perseroan melakukan berbagai kegiatan rekrutmen selama tahun 2015, di antaranya:1 Bekerja sama dengan beberapa institusi

pendidikan terkemuka, di antaranya Universitas Prasetya Mulya, Bunda Mulia dan PPM Manajemen, dalam pencarian kandidat SDM yang potensial,

2. Bekerja sama dengan website rekrutmen terkemuka di Asia, yaitu Jobstreet dan Linkedin dalam menyelenggarakan Job Fair, yang diadakan di beberapa kota besar di Indonesia,

3. Menyelenggarakan Job Fair yang bekerja sama dengan MNC Media di MNC Tower, Istora dan beberapa Universitas terkemuka di Jakarta.

Komposisi sDMHingga 31 Desember 2015, Perseroan telah memiliki 217 orang karyawan. Komposisinya terdiri dari 85 orang karyawan wanita dan 132 orang karyawan pria. Dari total karyawan yang ada, 68,20% berstatus sebagai karyawan tetap dan 31,80% berstatus sebagai karyawan kontrak.

SDM Perseroan memiliki jenjang pendidikan yang beragam. Dari 217 orang karyawan yang ada hingga 31 Desember 2015, 6,45% atau 14 orang lulus S-2, 62,67% atau 136 orang lulus S-1, 14,75% atau 32 orang lulus Diploma dan 16,13% atau 35 orang merupakan lulusan non akademis.

Sebanyak 182 orang dari total karyawan Perseroan adalah staff dan 35 lainnya berada pada jajaran manajerial. Secara terperinci, posisi karyawan adalah sebagai berikut:

Berdasarkan kelompok usia, SDM di rentang usia 36-45 tahun mendominasi komposisi karyawan

business development strategy. In 2015, the Company has conducted a wide range of efforts related to human resource development, which can be broadly described as follows:

Hr recruitment ProgramTo meet the Company’s need for highly qualified human resource, the Company has embarked on recruitment programs for the year of 2015, as stated as follows:1. In cooperation with the leading higher education

institutes such as Atmajaya, Prasetya Mulya, Bunda Mulia, and PPM Management the company launched a search of qualified candidates,

2. In cooperation with the leading web-based recruitment agencies in Asia such as Jobstreet, and Linkedin the Company hosted Job Fairs in several majorcities in Indonesia,

3. Organizing Job Fairs jointly with MNC Media at MNC Tower, Istora and several universities in Jakarta.

Hr structuresAs of 31st December 2015, the Company’s total number of employees consists of 85 women and 132 men; 68.20% of which is permanent and the remaining 31.80% is contractual employment basis.

The Company’s HR comes up with multilevel education background. Of the 217 employees existing as at December 31st 2015, as many as 14 employees or 6.45% are S-2 university postgraduates, 62.67% or 136 employees are S-1 graduates, 14.75% or 35 Diploma holders and 16.13% or 36 school graduates. As many as 182 of the total employees are staff and 35 in managerial positions. In details, employee positions consists of :

Based on age range of 36-45 accounts for 44.70% or dominates the structure, followed by age range 25-35

human reSourCeS

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Perseroan sebesar 44,70%, diikuti dengan SDM di rentang usia 26-35 tahun sebanyak 29,49% dan SDM di rentang usia di atas 45 tahun sebanyak 14,75%. Sedangkan SDM dengan kelompok usia di bawah 25 tahun sebanyak 11,06%.

Seiring dengan meningkatnya arus digitalisasi di berbagai bidang, termasuk dalam industri sekuritas, maka Perseroan di tahun 2015 meningkatkan fokusnya dalam 1 (satu) area kerja tertentu, yakni Online Trading dan Information Technology. Dengan demikian maka area kerja Perseroan pun meningkat menjadi 7 (tujuh) area dari sebelumnya 6 (enam) area kerja. Dalam 7 (tujuh) area kerja tersebut masing-masingnya diisi oleh karyawan yang telah ahli di bidangnya. Berikut ini komposisinya:1. Investment Banking2. Online Trading & IT3. Equity/Marketing4. Fixed Income5. Operasional & Finance6. Riset7. Support (Legal & Compliance, Internal Audit,

Corporate Secretary, HRD, & Marketing Communication, Business Development)

Kegiatan pelatihan dan pendidikan sDMSebagai langkah pengembangan dan peningkatan kualitas SDM, Perseroan membuka kesempatan bagi karyawan untuk mendapatkan pelatihan dan pendidikan. Perseroan berkeyakinan, hal tersebut dapat membantu karyawan untuk menyeimbangkan pekerjaan harian (hard skill) dan kemampuan dalam menyelesaikan tugas dan tanggung jawab (soft skill). Sepanjang tahun 2015, program pendidikan dan pelatihan karyawan yang dilaksanakan di antaranya adalah:

accounting for 29.49% and age range above 45 was 14.75%. Meanwhile, employees below the age 25 was 11.06%.

Along with the increasing flow of digitization in various fields, including in the securities industry, the Company in 2015 increased its focus within 1 (one) particular work areas, the Online Trading and Information Technology. Thus, the work area of the Company was increased to 7 (seven) areas of the previous 6 (six) work area. Within 7 (seven) work areas each filled by employees who have been experts in the field. The structure looksas follows:

1. Investment Banking2. Online Trading & IT3. Equity/Marketing4. Fixed Income5. Operation & Finance6. Research7. Support (Legal & Compliance, Internal Audit,

Corporate Secretary, HRD, & Marketing Communication, Business Development)

training and education ActivitiesAs the pace of development and improving the quality of human resources, the Company opened the opportunity for employees to get training and education. The Company believes, it can help employees to balance the daily work (hard skills) and the ability to complete tasks and responsibilities (soft skills). Throughout 2015, employees education and training programs implemented include:

no. Kelompok Usia / Age Group Jumlah / total (%)

1. < 25 tahun / years old 11,06%

2. 25-35 tahun / years old 29,49%

3. 35-45 tahun / years old 44,70%

4. > 45 tahun / years old 14,75%

SumBer Daya manuSia

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- Training NEOP (New Employee Orientation- Program)- Training Time Management- Training Communication Skill- Training Discovering Your Self- Training MS Office for Bussiness- Program Pelatihan Profesi Pasar Modal WPPE- Seminar “2015 Economic and Business Outlook”- Seminar“High Performing Culture”- Talkshow “National Economic Perspectives”- Seminar “Say No To Your Comfort Zone”

tunjangan KaryawanSebagai salah satu bentuk apresiasi kepada karyawan, Perseroan menyediakan tunjangan dan kesejahteraan kepada seluruh karyawannya, termasuk fasilitas kesehatan, asuransi jiwa, tunjangan kacamata dan tunjangan melahirkan.

- TrainingNEOP (New Employee Orientation- Program)- Training Time Management- Training Communication Skill- Training Discovering Your Self- Training MS Office for Bussiness- Capital Market Professional Training Program

(WPPE)- Seminar “2015 Economic and Business Outlook”- Seminar “High Performing Culture”- Talkshow “National Economic Perspectives”- Seminar“Say No To Your Comfort Zone”

Employee BenefitsAs part of appreciation to the employees, the Company provides all employees with benefits for incentives and welfare, with health insurance including dental protection, life insurance, eye-glasses allowance and maternity allowance.

human reSourCeS

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46

Analisa danDiskusi ManajemenManagement Discussion and Analysis


Tahun 2015 menjadi masa yang penuh tantangan bagi kondisi perekonomian Indonesia. Perlambatan ekonomi global dan nasional berdampak langsung pada lesunya pasar saham nasional. Meski demikian, berkat kerja keras yang ditunjang dengan strategi yang tepat dan dukungan penuh dari pemegang saham, Perseroan mampu menggali sumber pertumbuhan baru, dan hasilnya, Perseroan bertumbuh pesat di sepanjang tahun 2015.

Tantangan berat yang harus dihadapi perekonomian domestik adalah kondisi yang terjadi di belahan dunia lainnya yang dampaknya amat terasa. Faktor-faktor global yang berpengaruh antara lain adalah rencana normalisasi suku bunga Bank Sentral Amerika Serikat yang kerap disebut The Fed, penurunan harga minyak dunia yang menyebabkan turunnya harga komoditas, serta perlambatan ekonomi Tiongkok yang berlarut-larut. Faktor-faktor eksternal ini memberi pengaruh buruk bagi kinerja sektor riil maupun finansial Indonesia, sebagaimana dapat dilihat pada pertumbuhan ekonomi Indonesia yang sejak 2012 mengalami tren perlambatan sebagai dampak dari krisis ekonomi global yang menyebabkan permintaan dan harga komoditas mengalami penurunan.

Selama ini, ekonomi Indonesia banyak bertumpu pada sektor pertambangan dan komoditas. Penurunan harga komoditas yang terjadi terus menerus telah merugikan perusahaan-perusahaan yang bergerak di bidang tersebut. Hal ini turut berkontribusi dalam perlambatan ekonomi dan peningkatan tingkat pengangguran di Indonesia.

Pada tahun 2015, ekonomi Indonesia hanya tumbuh 4,79% secara yoy, yang merupakan angka terendah

The 2015 proved to be a year mired with challenges to the national economy. The economic slowdown in the global and national levels had a direct impact on the domestic stock market. Yet, with hard work and appropriate strategies, as well as the unrelenting support from the shareholders, the Company managed to generate new sources of development and yield satisfactory growth rate in 2015.

The national economy faced tough challenges hailing from other parts of the globe with the direct impact felt at home. Some of these global factors affecting the domestic economy are the plan of the US Central Bank, or The Fed, to normalize the US interest rates, the falling price of crude oil which led to the declining price of commodities, and China’s economy which also continued to slow down. These external factors negatively contributed to the performance of the real sector and financial sector at home, as evident in the Indonesian economy, which since 2012 has continued to decelerate as the global economic crisis caused the demand and price of commodities to suffer.

Indonesian economy has been relying on mining and commodity sectors, and the decline in the commodity prices has caused the players in the sectors to experience losses. And this has contributed to the sluggish economy and the rise of unemployment in Indonesia.

In 2015, the national economy grew at a modest level of 4.79% yoy, the lowest since 2009. And in line

MacroeconoMic review

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Tinjauan Makroekonomi Macroeconomic Review


sejak 2009. Dan selaras dengan pertumbuhan ekonomi yang terus menurun, ekspor Indonesia sejak 2012 juga terus mengalami penurunan. Lebih jauh lagi pada tahun 2015, ekspor Indonesia turun 14,62% dari tahun 2014. Hal lain yang perlu dicatat adalah pertumbuhan ekonomi 2015 ditopang oleh konsumsi pemerintah yang tinggi, seiring dengan implementasi proyek-proyek infrastruktur.

Sementara di pasar keuangan domestik, stabilitas nilai tukar rupiah terpengaruh oleh kondisi global. Rupiah sempat menyentuh di level di atas Rp14.000 dan Indeks Harga Saham Gabungan (IHSG) mengalami koreksi yang signifikan. Tambahan lagi, pasar obligasi domestik juga mengalami penurunan harga yang signifikan akibat aksi jual yang dilakukan oleh investor asing. Mata uang Rupiah tercatat sebagai mata uang dengan volatilitas tertinggi di Asia dengan pergerakan nilai tukar mengalami tekanan dari kisaran Rp12.000 di awal tahun, bergerak di atas Rp13.000 sejak Juli 2015 hingga menembus level tertinggi di kisaran Rp14.600 pada bulan September 2015.

Pelemahan Rupiah dipicu oleh antisipasi kenaikan suku bunga The Fed dan depresiasi Yuan, serta meningkatnya permintaan valas untuk pembayaran utang dan dividen secara rutin, dan kekhawatiran terhadap melambatnya ekonomi domestik. Perlambatan ekonomi juga memengaruhi tingkat inflasi yang hanya sebesar 3,35% atau jauh di bawah 8,36% tahun lalu.

Di bursa saham dalam negeri, pada awalnya IHSG menunjukkan tren positif dan membukukan rekor tertinggi sepanjang sejarah ketika ditutup di level 5.523,39 pada April 2015. Selain karena pengaruh January Effect, adanya Jokowi Effect hingga April 2015 sangat kental menopang pergerakan indeks. Namun, pada perkembangan berikutnya terjadi kondisi yang berlawanan di mana IHSG bergerak turun hingga menyentuh level 4.120 pada September 2015 akibat penjualan saham oleh asing yang terjadi di sepanjang kuartal kedua dan ketiga. Meskipun

with the decelerating economy, the country’s export performance since 2012 has also been declining. And, in 2015, Indonesian export was recorded to drop 14.62% from 2014. One thing worth noting is that the economic growth in 2015 was supported the government’s high consumption level, in line with the implementation of the government’s infrastructure projects.

Meanwhile, at the domestic currency market, the Indonesian rupiah exchange value has been very much affected by the global condition. Rupiah hit its lowest point, traded for than Rp14,000 per US Dollar, while the Indonesian Stock Exchange experienced a significant correction. In addition, the domestic bonds market also experienced significant correction following a sell-off by foreign investors. Rupiah became the currency with highest volatility rate in Asia with Rupiah against US Dollar fluctuating from Rp12,000 at the beginning of the year, to above Rp13,000 in July and for a time reaching its lowest level of Rp14,600 per dollar in September 2015.

The Rupiah depreciation was triggered by the market anticipating the step taken by The Fed to revise the US interest rates, the depreciation of Chinese Yuan, and the rising demand for foreign currencies during the seasonal period of debt settlement and dividend payment, as well as the growing worry of the slowing down of domestic economy. However, this economic slowdown also affected the inflation rate which was recorded at 3.35% or way below the inflation rate of 8.36% in the previous year.

In the stock market, the start of the year saw JCI looking promising as the stock market recorded its highest ever transaction level in April with the closing rate of 5,523.39. aside from the impact of January Effect, until April 2015, the Jokowi Effect had been instrumental in supporting the stock index positive movement. Yet, in the following months, the condition took a turn for the worse as JCI continued to fall and even touched the level of 4,120 in September 2015 due to stock sales by foreign investors throughout the second and third quarters. even though JCI managed

Tinjauan MakroekonoMi

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akhirnya IHSG berhasil kembali menguat dan ditutup di level 4.593,008 pada 30 Desember 2015, total net selling oleh asing mencapai Rp22,58 triliun.

Sejalan dengan tren pelemahan mata uang rupiah yang terjadi di pasar saham dan pasar obligasi, imbal hasil obligasi seri benchmark (5, 10, 15, dan 25 tahun) juga mengalami peningkatan yang menandai jatuhnya harga obligasi. Rekor tertinggi imbal hasil obligasi untuk tenor 10 tahun terjadi pada September 2015. Investor asing tetap memegang obligasi domestik dengan pertimbangan bahwa instrumen tersebut relatif tetap lebih aman dibandingkan saham. Hingga penghujung tahun 2015, jumlah kepemilikan asing mencapai Rp461,35 triliun atau setara dengan 38,23%. Meskipun ekonomi mengalami perlambatan, laju inflsi sepanjang tahun 2015 dapat terjaga rendah di angka 3,3% akibat minimnya dampak kenaikan harga BBM. Selain itu Pemerintah pada tahun 2015 juga dapat menjaga pasokan bahan makanan sehingga komponen inflasi volatile food tidak mengalami lonjakan berarti.

Kondisi ekonomi Indonesia sepanjang tahun 2015 mendorong Pemerintah, Bank Indonesia dan Otoritas Jasa Keuangan mengeluarkan kebijakan-kebijakan guna mengakselerasi pemulihan ekonomi yang terangkum dalam Paket Kebijakan Ekonomi berseri yang mulai dirilis sejak September 2015. Hingga akhir 2015, telah dirilis sebanyak enam paket kebijakan. Paket kebijakan tersebut antara lain berisi deregulasi peraturan investasi dan d

laporan tahunan 2015 thriving in adversity...laporan tahunan 2015 annual report perlambatan ekonomi...

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