President Joko “Jokowi” Widodo has introduced the board of directors tasked with managing Indonesia’s recently created multibillion-sovereign wealth fund, tapping a seasoned banker to lead it, as the country aims to lure global investors to Southeast Asia’s largest economy. Ridha DM Wirakusumah, until recently the president director of private lender Bank Permata, was chosen as the CEO of the wealth fund, called Indonesia Investment Authority (INA). Ridha, who has spent more than 30 years in banking and investment, is joined by Arief Budiman, a former finance director of state-owned oil giant Pertamina, private equity firm Creador managing director Stefanus Ade Hadiwidjaja, private lender Citibank NA Indonesia country risk manager Marita Alisjahbana and the former finance director of national flag carrier Garuda Indonesia, Eddy Porwanto Poo. In his speech…
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