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Tuesday, 16 Feb 2021 03:20 PM MYT Finance Minister Sri Mulyani Indrawati, who heads INA’s supervisory council, told a news conference that Jokowi had said the fund must be managed to avoid the fate of 1MDB. Reuters pic Subscribe to our Telegram channel for the latest updates on news you need to know. JAKARTA, Feb 16 Indonesian President Joko Widodo today named a senior banker, Ridha D.M. Wirakusumah, as the chief executive of the country’s new sovereign wealth fund, which has a target of managing US$20 billion (RM81 billion) and financing infrastructure projects. Jokowi, as the president is popularly known, also named other professionals for posts on the board of directors of the fund, the Indonesia Investment Authority (INA). ....
Indonesia Names Former Bank Permata CEO as SWF Head Posted on 02/16/2021 Indonesia has named Ridha Wirakusumah as the chief executive officer of its new strategic development sovereign wealth fund (SDSWF). The Indonesian Investment Authority, also referred to as the Nusantara Investment Authority, has a new slate of executives. Indonesian President Joko Widodo briefed media about the hiring of candidates. This also includes Arief Budiman, a former director of oil and gas giant PT Pertamina, who will serve as deputy CEO. Also joining the SWF is Stefanus Ade Hadiwidjaja, previously with private equity firm Creador Capital Group, will be director of investment. Last, Marita Alisjahbana of Citibank Indonesia will be director of risk, while the director of finance will be Eddy Porwanto, formerly the chief financial officer of flag carrier PT Garuda Indonesia. ....
Ridha D.M. Wirakusumah. JAKARTA (Reuters): Indonesian President Joko Widodo on Tuesday (Feb 16) announced the appointment of a senior banker, Ridha D.M. Wirakusumah, as the chief executive of the country s new sovereign wealth fund, which has a target of managing US$20 billion in funds. Jokowi, as the president is popularly known, also named other professionals for posts on the board of directors of the fund, the Indonesia Investment Authority (INA). The INA aims to attract foreign funds as co-investors, unlike some funds set up by other countries to manage oil revenues or foreign exchange reserves. There has been scrutiny over the governance of INA particularly in the wake of a corruption scandal and massive losses involving neighbouring Malaysia s 1MDB fund. ....
President Widodo names Wirakusumah as CEO of Indonesia SWF Indonesia President Joko Widodo Premium Indonesian President Joko Widodo has officially announced the appointment of Ridha Dm Wirakusumah as the CEO of the country’s sovereign wealth fund that is slated to have a corpus of $20 billion. Continue reading this story with a subscription to DealStreetAsia. Contact us for corporate subscriptions at [email protected]. Sign up for our newsletter - The Daily Brief Opt out of receiving The Daily Brief in your inbox everyday REGISTER stories left placeholder You have one free story left this month. You have stories left placeholder free stories left this month. ....