Indonesia's MNC Group buys controlling stake in US brokerage Auerbach Grayson

Indonesia's MNC Group buys controlling stake in US brokerage Auerbach Grayson

Photo by MNC Group

Financial firm PT MNC Kapital Indonesia has acquired a controlling stake in New York-based brokerage Auerbach Grayson & Company, previously owned by Egypt’s Beltone Financial Holding, the Indonesian firm said in a statement on Monday.