Rosan Roeslani, the CEO of Badan Pengelola Investasi Daya Anagata Nusantara (BPI Danantara), officially announced the complete list of executives for Danantara (24/3/2025). The announcement took place at CIMB Niaga Tower in Jakarta, attended by senior members of the leadership team and the Deputy Minister of Finance, Thomas Djiwandono.

Rosan emphasized that the executives chosen for Danantara have undergone a rigorous selection process, which included interviews and assessments with the assistance of headhunters. The leadership structure for Danantara includes top figures from the business, government, and finance sectors.

Key Members of Danantara's Leadership

1. Dewan Pengawas (Supervisory Board)

• Chairman: Erick Thohir
• Vice Chairman: Muliaman Hadad
• The Supervisory Board plays a crucial role in overseeing the performance and operations of Danantara, ensuring transparency and adherence to national policies.

2. Dewan Pengarah (Advisory Board)

• Susilo Bambang Yudhoyono (SBY)
• Joko Widodo (Jokowi)
• The Advisory Board includes former presidents like SBY and Jokowi, as well as international figures like Raymond Thomas Dalio (Ray Dalio), Helman Sitohang, Jeffrey Sachs, Chapman Taylor, and Thaksin Shinawatra. These individuals are expected to guide the overall vision and strategy of Danantara.

3. Dewan Penasihat (Consultative Board)

• This board will consist of key advisors who provide strategic advice on various investment opportunities and policies, ensuring that Danantara remains on track to fulfill its long-term goals.

4. Komite Pengawasan dan Akuntabilitas (Oversight and Accountability Committee)

This committee includes top national leaders and officials such as the head of the Financial Transaction Reports and Analysis Center (PPATK), the head of the Corruption Eradication Commission (KPK), the Supreme Audit Agency (BPKP), the National Police Chief (Kapolri), and the Attorney General. The committee ensures accountability and ethical governance at all levels of Danantara’s operations.

Operational and Executive Management Team

• Chief Executive Officer (CEO): Rosan Roeslani
• The CEO will oversee the day-to-day operations and strategic initiatives of Danantara. His leadership experience will be crucial in steering Danantara toward success.
• Chief Operating Officer (COO): Dony Oskaria
• The COO will manage the operational aspects of Danantara, ensuring that the company runs smoothly and efficiently.
• Chief Investment Officer (CIO): Pandu Sjahrir
• The CIO will be responsible for overseeing the investment strategies of Danantara, ensuring optimal returns on state-owned assets.
• Managing Directors and Key Roles:
• Robertus Bilitea: Managing Director of Legal
• Lieng Seng Wee: Managing Director of Risk and Sustainability
• Arief Budiman: Managing Director of Finance
• Ali Setiawan: Managing Director of Treasury
• Mohamad Al-Arief: Managing Director of Global Relations and Governance
• Rohan Hafas: Managing Director of Stakeholder Management
• Ahmad Hidayat: Managing Director of Internal Audit
• Sanja Bharwani: Managing Director of Human Resources
• Reza Yamora Siregar: Managing Director/Chief Economist
• Ivy Santoso: Managing Director/Head of Office
• These roles ensure that Danantara’s operations are covered across various essential functions, from legal and risk management to finance and global relations.

Overview of Danantara’s Mission and Objectives

Danantara, Indonesia’s sovereign wealth fund (SWF), will be tasked with managing an extensive portfolio of state-owned enterprises (SOEs), aiming to consolidate and optimize the assets of Indonesia’s largest public corporations. This includes seven key BUMNs (state-owned enterprises), including PT Bank Mandiri, PT Bank Rakyat Indonesia (BRI), PT PLN, PT Pertamina, PT Bank Negara Indonesia (BNI), PT Telkom Indonesia, and Mining Industry Indonesia (MIND ID). These corporations were selected based on their substantial assets, which form part of the total estimated value of Indonesia’s SOEs, which could reach up to $900 billion USD.

The vision for Danantara is to create an efficient investment body that not only manages state assets but also drives long-term growth for Indonesia's economy. The company will evaluate all state-owned companies, not just the selected few, to determine their potential inclusion in the fund.

Future Plans for Danantara’s Expansion

Rosan Roeslani stated that Danantara will eventually encompass all BUMNs, with a gradual integration process planned for future years. This step-by-step consolidation aims to create a robust financial foundation that can drive sustainable value and growth for Indonesia's economy, benefiting both the state and the population.

Danantara’s current portfolio is expected to grow significantly as more state-owned enterprises join the fund. The government’s involvement and backing will ensure the success of this ambitious project, which aims to secure long-term financial stability for the nation.

PHOTO: MI/SUSANTO

This article was created with AI assistance.