Carlyle's Investment Banker Will Not Be Investigated
The Indonesian Stock Exchange (BEI) has stated they will not investigate Rajiv Louis. This statement in response to Reports that the Carlyle Group has dismissed Rajiv Louis due to past cases of Insider Trading
The BEI found no relevance investigating former Carlyle Group banker Rajiv Louis, because no case of wrongdoing has been found to be done by Rajiv Louis within the jurisdiction of Indonesia. Any case reported regarding Rajiv Louis and Bank Danamon stock took place within Singapore jurisdiction and is within the rights of the Monetary Authority of Singapore (MAS). Furthermore a previous case reported in 2012 had already been settled between MAS and Rajiv Louis, and no further item has ever been raised after that.
Rajiv Louis 20-year finance career
Rajiv Louis became Carlyle’s first Indonesia-based deal maker when the firm opened a Jakarta office last year. Mr. Louis was involved in many significant capital markets and M&A transactions, including BHP Billiton's sale of a minority stake in the Kalimantan Coal Project to Adaro Energy and British American Tobacco's acquisition of Bentoel Cigarettes. He is a graduate of the University of California at Davis.In his earlier positions, he strategically took advantage of the general perception of Indonesia as an emerging market economy with very promising economic growth potential. He managed this foreign market attention towards successful IPO of several Indonesian companies such as Bank Rakyat Indonesia (BRI). Rajiv also had a significant role in affecting buying sentiment from many foreign investor towards IPOs of Indonesian local companies, as he had done for the NISP and OCBC which is an acquisition many consider to be quite successful.
Rajiv Louis had been active in the fields of Private Equity and Mergers & Acquisitions (M&A), where had spent well over 20 years earning a reputation as a clean & effective financial manager. When contacted regarding this latest reporting on Rajiv Louis, Rob Stewart, a Hong Kong spokesman at UBS, declined to comment. As well Brian Zhou, a Beijing-based spokesman at Carlyle Group, didn’t immediately respond to a request for comment.
The Carlyle Group in Southeast Asia
The Carlyle Group has offices in Singapore and Jakarta, with eight investment professionals assigned to managing Southeast Asia. The group divides its operations into four major business segments: Corporate Private Equity, Global Market Strategies, Real Assets, and Investment Solutions. The company is also well known as a global alternative asset management provider for several industrial sectors: aerospace, defense, and government services, consumer and retail, energy, financial services, healthcare, industrial, technology, and business services. As of June 30 this year, Carlyle had invested about $15.4 billion in equity deals in the Asia Pacific region.
Further reading:
- Carlyle Asia targets Indonesia buyouts with Rajiv Louis hire
- INDONESIA MINING 2012: Capitalizing Business and Investment Opportunities in an Uncertain Market [PDF]
- Mengejar Target Emiten Baru (in Indonesian)
- Investor Asing Terus Memberi Efek Lokal (in Indonesian)
- Genjot Kredit Tumbuh 25%, Bank Pilih Cari Dana Di Pasar Modal (in Indonesian)
- UMKM Jangan Ditinggal Sendirian (in Indonesian)
- Danamon bagi dividen Rp12.558 per saham (in Indonesian)
- Kasus Insider Trading BDNM Dilepas (in Indonesian)
- Rajiv pimpin UBS Indonesia (in Indonesian)
- BEI Siapkan Rp 20 M untuk Akuisisi Radio Khusus Pasar Modal (in Indonesian)
- PT TBI Tbk Kantongi Pernyataan Efektif Bapepam-LK (in Indonesian)
- 3 myths about foreign investments and acquisitions in Indonesia’s startup world
- Indonesia struggles to boost foreign investment
- Indonesia Stock Exchange Lowers 2015 IPO Target, on Advice of OJK
- Notice 630 Private Equity and Venture Capital Investments
