RHTLaw Taylor Wessing LLP proudly announces the establishment of its Indonesian subsidiary PT RHT Solusi Indonesia (“RHT Solusi” or “the Company”), the first and only Indonesian-incorporated entity to offer compliance and technology risk management solutions to financial institutions and corporates operating within the country.
RHT Solusi is a joint venture between RHTLaw Taylor Wessing LLP of Singapore and Hanafiah Ponggawa & Partners of Indonesia, both leading law firms in Southeast Asia. The establishment of RHT Solusi will provide clients with an experienced, Indonesia-focused team with expertise in regulatory compliance solutions, governance and risk, as well as technology risk management solutions.
The establishment of RHT Solusi addresses the demands of financial institutions and corporates as a direct result the changing regulatory environment in Indonesia and the growing complexity of business.
RHTLaw Taylor Wessing LLP Managing Partner Mr. Tan Chong Huat said, “The establishment of RHT Solusi is a tangible example of our commitment to Indonesia, and our continuing efforts to remain at the forefront of issues related to risk and compliance within the country. As RHT Solusi is the first company of its kind in Indonesia, we are confident that RHT Solusi will become a brand synonymous with providing risk-focused, intelligent and actionable solutions to clients operating within the country. We are confident that the success of our compliance solutions practices in Singapore and Malaysia will be replicated in Indonesia.”
Hanafiah Ponggawa & Partners Managing Partner Mr. Constant Marino Ponggawa said, “With Indonesia’s continued economic growth comes the need for an increasingly sophisticated regulatory and compliance framework. Indonesian regulators have worked diligently in recent years to implement necessary regulatory changes to ensure greater transparency, accountability and safety for all financial institutions and public companies doing business in Indonesia. Therefore, the establishment of RHT Solusi should be a viewed as a positive development, as the Company is the first in Indonesia dedicated to providing risk, compliance and technology solutions for financial institutions and public companies.”
RHT Solusi is fully operational as at 8 October 2014.
For more information, please visit www.rhtsolusi.co.id.