(Jan 20): Indonesia has narrowed down the list of candidates to lead its new wealth fund to a handful including Pandu Sjahrir of Indies Capital Partners Pte, according to people familiar with the matter. The government is expected to decide this month on a chief for the fund, known as the Indonesia Investment Authority, said the people, asking not to be named because the matter is private. The 41-year-old Sjahrir, managing partner at the Indonesia-focused alternative asset manager Indies Capital, is considered a front-runner among the remaining candidates, though no final decision has been made, the people said. Others on the shortlist include Arief Budiman, former finance director of energy producer PT Pertamina; Arsjad Rasjid, president director of PT Indika Energy; Tigor Siahaan, chief executive officer of PT Bank CIMB Niaga; and Rizal Gozali, president director of PT Credit Suisse Sekuritas Indonesia, said the people.
Indonesia Is Close to Naming Chief for $100 Billion Wealth Fund By January 19, 2021 Vehicles travel along a road in the central business district (CBD) during a partial lockdown imposed due to the coronavirus in this aerial photograph taken in Jakarta, Indonesia, on Wednesday, May 13, 2020. Indonesian President Joko Widodo urged a cautious approach to lifting of partial lockdowns covering almost 100 million people in a string of regions and cities amid pressure to re-open the economy as the nations death toll from the coronavirus pandemic topped 1,000. (Bloomberg) Follow Bloomberg on LINE messenger for all the business news and analysis you need. Indonesia has narrowed down the list of candidates to lead its new wealth fund to a handful, including Pandu Sjahrir of Indies Capital Partners Pte, according to people familiar with the matter.