Profile Of Ridha Wirakusumah, President Director Of LPI, Another Banker That Jokowi Trusts

President Director of the Investment Management Institute (LPI) Ridha Wirakusumah. (Photo: By courtesy)

JAKARTA - President Joko Widodo (Jokowi) officially appointed Ridha Wirakusumah as the President Director of the Investment Management Institute (LPI) or the Indonesia Investment Authority (INA). With this appointment, Ridha made history as the first person to lead the sovereign wealth fund (SWF).

He also complements the long record of bankers entrusted by the President to lead strategic ministries and institutions under the direct supervision of the government, after previously Minister of Health Budi Gunadi Sadikin and two Deputy Ministers of BUMN, namely Pahala Mansury and Kartika Wirjoatmodjo.

Ridha Wirakusumah is known as a reliable financial manager. Noted, his name began to skyrocket in the banking industry when he was entrusted with the position of President Director of PT Maybank Indonesia Tbk for approximately three years or to be precise from 2009 to 2011.

Then, he left to DNB Consulting and Investments Hong Kong as a Managing Partner from 2014 to 2016. At the same time, he was also mentioned as a Commissioner of PT Austindo Nusantara Jaya Tbk for the same period.

He proved his ability to embrace the business community by occupying a strategic position of Commissioner at Postcard and Tag Hong Kong from 2015 to 2016.

As if it was unstoppable, he had won important positions in various companies, such as Commissioner of PT Bayan Resources, Commissioner of PT Tiga Pilar Sejahtera Tbk, Director of KKR Hong Kong, and CEO of AIG Inc. Hong Kong.

Then, he also listed his name as CEO of Asia Pacific at a technology company from the United States, namely General Eletric Company. Then, Head of Corporate Finance at Bankers Trust Jakarta, and Vice President Corporate Banking Group Head at Citibank Jakarta.

Finally, Ridha Wirakusumah is widely known as the President Director of PT Bank Permata Tbk. since December 13 2016 until now.

Ridha's achievements as a professional are supported by the education he has taken so far. It is known that he holds a Bachelor of Science degree from Ohio University since 1985 and earned a Master of Business Administration degree in 1987 at the same campus.