(Jan 20): Indonesia has narrowed down the list of candidates to lead its new wealth fund to a handful including Pandu Sjahrir of Indies Capital Partners Pte, according to people familiar with the matter.
The government is expected to decide this month on a chief for the fund, known as the Indonesia Investment Authority, said the people, asking not to be named because the matter is private. The 41-year-old Sjahrir, managing partner at the Indonesia-focused alternative asset manager Indies Capital, is considered a front-runner among the remaining candidates, though no final decision has been made, the people said.
Others on the shortlist include Arief Budiman, former finance director of energy producer PT Pertamina; Arsjad Rasjid, president director of PT Indika Energy; Tigor Siahaan, chief executive officer of PT Bank CIMB Niaga; and Rizal Gozali, president director of PT Credit Suisse Sekuritas Indonesia, said the people.