Indonesia Investment Authority (INA) has tapped Oki Ramadhana from local investment bank and securities firm Mandiri Sekuritas as its new chief executive officer, according to Bloomberg, citing people familiar with the matter.
The sovereign wealth fund has also hired Laksono Widodo as chief investment officer, and Adhiputra Tanoyo as chief risk officer.
The trio were sworn in on May 13, according to the Bloomberg report published the same day.
The reported changes are not reflected on INA’s website, which lists Eddy Porwanto, the wealth fund’s chief financial officer, as both acting CEO and acting chief risk officer.
The website also lists Andry Setiawan and Christopher Ganis as CIOs although Bloomberg reported two months ago that Andry had resigned.
INA spokespersons did not immediately respond to questions from Asia Asset Management.
The CEO position became vacant after Ridha Wirakusumah’s five-year term ended on February 15. He was the wealth fund’s first CEO.
His successor Oki was president director of Mandiri Sekuritas.
Laksono is the former president director of local investment bank and securities firm BRI Danareksa Sekuritas and Adhiputra was a director at Bank Ina Perdan.
Indonesia established INA in December 2020 with US$5 billion of capital from the government with the mandate to attract new capital to the Southeast Asian country via direct co-investments and hybrid capital solutions.
