Jakarta, Indonesia
Caproasia.com | The leading source of data, research, information & resource for investment managers, professional investors, UHNW & HNW investors, and advisors to institutions, billionaires, UHNWs & HNWs. Covering capital markets, investments and private wealth in Asia. How do you invest $3 million to $300 million? How do you manage $20 million to $3 billion of assets? Caproasia - Learn more

Media, Events, Networking, Roundtable, Membership - Contact Us

This site is for accredited investors, professional investors, investment managers and financial professionals only. You should have assets around $3 million to $300 million or managing $20 million to $3 billion.







New Indonesia Sovereign Wealth Fund Grows Assets to $15 Billion, Appoints First CEO

25th February 2021 | Singapore

Indonesia’s newly created sovereign wealth fund in January 2021 – the Indonesia Investment Authority (INA), has grown its assets to $15 billion and appointed former CEO of Bank Permata Ridha Wirakusumah as the first Chief Executive Officer of the fund.

” New Indonesia Sovereign Wealth Fund Grows AUM to $15 Billion, Appoints First CEO “

The announcement of the appointment was made by Indonesia President Joko Widodo, including several key appointments for Indonesia’s sovereign wealth fund.

Web links may be disabled on mobile for security.
Please click on desktop.


Do you manage $20 million to $30 billion?
Advise institutions, billionaires, UHNWs & HNWs?

Subscribe Caproasia
Delivered to your Inbox
Get Ahead in 60 Seconds. Organised for Success.
Join 10,000 + leading financial professionals, investment managers,
professional investors & advisors.
Links: Learn More | UHNW & HNW | Subscribe | Start Today

Scroll Below for Sign Up / Contact Us Form

2021 Data Release
2020 List of Private Banks in Hong Kong
2020 List of Private Banks in Singapore
2020 Top 10 Largest Family Office
2020 Top 10 Largest Multi-Family Offices
2020 Report: Hong Kong Private Banks & Asset Mgmt - $4.49 Trillion
2020 Report: Singapore Asset Mgmt - $3.48 Trillion AUM

 

CEO and Key Appointments

Jakarta Indonesia 1
Jakarta, Indonesia

The Indonesia Investment Authority Appointments:

  • CEO: Ridha Wirakusumah (former CEO, Bank Permata)
  • Deputy CEO: Arief Budiman (former CFO, Pertamina)
  • CIO: Stefanus Ade Hadiwidjaja (former MD, Creador – Private Equity)
  • Director: Marita Alisjahbana (former Country Risk Manager, Citi)
  • Director: Eddy Porwanto (former CFO Garuda Indonesia)

Ridha Wirakusumah was the former Chief Executive of one of Indonesia’s largest bank, Bank Permata.  Before Bank Permata, he was at leading global private equity firm KKR and one of the world’s largest bank, Citibank.

The executives had been picked by a special committee and professional headhunters, to eliminate mismanagement and ending up like 1MDB – Malaysia’s sovereign wealth fund.  (Around $4.5 billion was stolen from the fund and the fund was saddled with more than $11 billion of debts).

Several of the new appointments had quit their job to join Indonesia Investment Authority.

 

Indonesia Investment Authority (INA)

The Indonesia sovereign wealth fund, Indonesia Investment Authority (INA) was created in January 2021 and now have $15 billion in assets.  $5 billion was seeded by the Indonesian government and $10 billion came from global investors.  The Indonesia Investment Authority (INA) has been targeted to grow to $100 billion.

Indonesia Investment Authority (INA) will pool investments from Indonesia and global investors to finance projects in Indonesia, with a strong focus on infrastructure and other sectors such as healthcare.

 

Indonesia – $1.1 Trillion Economy and 270 Million People

Indonesia Flag
Indonesia Flag

Indonesia is one of the largest economy in Asia and Southeast Asia with GDP of more than $1.1 trillion and GDP per capital of around $4,200.  In Asia-Pacific, only China, India, Japan, Korea and Australia has more than $1 trillion GDP.

Indonesia also has one of the largest population in the world and has 4th largest population in the world with more than 270 million people.  Only China (1.3 billion), India (1.3 billion) and United States (320 million) have a larger population than Indonesia.



Scroll Below for Sign Up / Contact Us Form

Web links may be disabled on mobile for security.
Please click on desktop.









Caproasia.com | The leading financial website for investment managers, professional investors, UHNW & HNW investors and advisors to institutions, billionaires, UHNWs & HNWs.  Covering capital markets, investments and private wealth in Asia. How do you invest $3 million to $300 million? How do you manage $20 million to $3 billion of assets?

Caproasia is a financial information technology co. founded in 2014. We have 4 businesses in Media, Information, Services and Technology. We created 3 solutions: Membership, Events & Platforms to drive investment decisions in Asia through information, services, technology & people, that impact economies, societies & people. Our Mission: Driving the future of Asia

For 2022 Investment Day: mail@caproasia.com
For Family Office, Professional Investor, HNW Investor Events: mail@caproasia.com
For Membership, Events, Networking, Roundtable, Summits: mail@caproasia.com
For Investment Relations Network: mail@caproasia.com
For Platforms, Media Kit, Advertising, Campaigns, Partnerships: angel@caproasia.com
For press release: press@caproasia.com
For all other enquiries: mail@caproasia.com


Sign Up / Contact Us

Caproasia | Get Ahead in 60 Seconds. Join 10,000 +


    Mailing List (Free)Subscribe $380 YearlySubscribe $40 MonthlyAssociate Member $380Professional Member $680Executive Member $2,000Corporate Member


    Private WealthFamily OfficePrivate BankingWealth ManagementInvestmentsAlternativesPrivate MarketsCapital MarketsESG & SICEO & EntrepreneursTax, Legal & RisksHNW & UHNWs Insights


    General EnquiryFeedbackList Product / ServiceCaproasia.comE-NewsletterEventsCorporate MemberSponsorshipAdvertisingMedia KitMarketing ServiceMedia ServiceNewswire ServiceResearch & DataBusiness ConsultingOthers









    Caproasia | Driving the future of Asia
    a financial information technology co.
    since 2014



    Caproasia Users
    • Manage $20 million to $3 billion of assets
    • Invest $3 million to $300 million
    • Advise institutions, billionaires, UHNWs & HNWs
    • Learn More | Caproasia Users
    Caproasia Platforms | Join 10,000 Investors & Advisors Monthly Networking & Roundtables: Membership | Join a Powerful Network: Family Office Programs: Caproasia Summits: Special Coverage


    Previous articleFacebook co-Founder Eduardo Saverin B Capital Creates SPAC to Raise $300 Million on NASDAQ
    Next articleMalaysia AmBank Group to Pay $700 Million for all 1MDB Claims to Malaysia Government 
    Caproasia.com covering capital markets, investments and private wealth in Asia. Our users manage, advise & invest $25 trillion assets in Asia