CSI Leasing Launches Subsidiary in IndonesiaApril 12, 2023
CSI Leasing, Inc. (CSI), one of the world’s largest independent leasing companies, has continued the rapid expansion of its Asia-Pacific operations by opening a subsidiary in Jakarta, Indonesia. This follows the recent launch of CSI Leasing (Thailand) Ltd. and CSI Leasing Taiwan LLC earlier this year. The company now has subsidiaries in 10 countries throughout Asia-Pacific and serves customers in more than 50 countries around the world.
The new entity, PT CSI Renting Indonesia (“CSI Indonesia”), will immediately begin servicing CSI’s existing portfolio of global customers and will also seek lease opportunities with local organizations.
CSI Indonesia will be managed by Rio Wicaksono. Rio brings nearly 20 years of finance experience to CSI, most recently from PT Century Tokyo Leasing Indonesia (a subsidiary of Tokyo Century Corporation), where he was director. Rio has a master’s degree in financial management from University of Indonesia and a bachelor’s degree in business/managerial economics from University of Trisakti.
“Our newest subsidiary in Indonesia is just another example of how CSI’s Asia-Pacific operations are continuing to expand at a rapid pace,” said Cheng Chiin Ong, director and CEO of Asia-Pacific. “The team in Asia recently gathered for our annual fiscal year kickoff meeting where the theme was ‘Raising the Bar.’ With our growth in footprint and increased sales results, I believe our team has raised the bar very high. I am excited to see what’s in store for us next.”
In 2022, the CSI’s Asia-Pacific operations experienced a 30 percent growth in fair market value lease originations and an 18 percent growth in overall lease originations from the previous year.