Indonesia names Wirakusumah to helm US$100bil wealth fund

JAKARTA: Indonesia has named Ridha Wirakusumah as the chief executive officer of its new wealth fund, which is set out to bring in funds to invest in local projects from infrastructure to healthcare.
Wirakusumah was formerly the CEO of PT Bank Permata and has held positions at KKR & Co, General Electric Co, as well as American International Group Inc, President Joko Widodo said in a briefing in Jakarta yesterday.
Arief Budiman, a former director of oil and gas giant PT Pertamina, will serve as deputy CEO.
Stefanus Ade Hadiwidjaja will be the director of investment, Marita Alisjahbana the director of risk, and Eddy Porwanto the director of finance.

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