Management

Board of Commissioners

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M Chatib Basri
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Edwin Gerungan
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Marwanto Harjowiryono
Robert-Pakpahan2
Robert Pakpahan
Zulkifli-Zaini
Zulkifli Zaini
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Robert Olivier Dolk
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Juergen Hertel
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Rajeev Kannan
Richard-Ranken
Richard Ranken

Board Of Directors

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Ari Soerono
Indrawati-Darmawan
Indrawati Darmawan
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Harold Tjiptadjaja
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Wito Krisnahadi
Hilda_Savitri-mgm
Hilda Savitri

Executive Management

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Irman Boyle
  • M Chatib Basri

     President Commissioner – Independent Commissioner

    M Chatib Basri is concurrently a Senior Partner and Founder of Creco Research, a Jakarta Based Consulting Firm and a Senior Lecturer at the Department of Economics University of Indonesia. Mr Basri has an expertise in International Trade, Macroeconomic and Political economy and had previously held key positions at private companies such as PT Astra International Tbk and PT Semen GresikTbk, where he served an Independent Commissioner. His positions at Government Institutions include the Minister of Finance of Republic of Indonesia that he recently left in October 2014. He earned his bachelor degree in economy from the University of Indonesia, and his master Degree and Phd in economic development from Australian National University. Mr Basri has been an active participant in scholarly works and international organization including in High Level Trade Expert Group and Independent Regional Advisory Group for Asia Pacific, International Monetary Fund (IMF), of which he was also a member. During the long course of his career, Mr Basri has authored numerous books and involved in research activities at the global level and written articles for global press.

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  • Edwin Gerungan

    Independent Commissioner

    Prior to joining IIF Edwin Gerungan held several key positions at private companies including as President Director of PT BHP Billiton and as Senior Advisor at Atlantic Richfield. He launched his career at Citibank NA in 1972 and left his last position at the bank as Vice President, Head of Treasury. His roles in state-owned enterprises include as President Commissioner of PT Bank Mandiri Tbk and as independent commissioner at Bank Danamon and Bank Central Asia. Mr Gerungan earned his bachelor degree in Philosophy from Principia College, Elsah, Illinois, USA.

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  • Marwanto Harjowiryono

    Commissioners 

    Currently, Marwanto serves as Director General of Treasury of the Ministry of Finance of the Republic of Indonesia. Previously, he served as Director General of Fiscal Balance after serving as Executive Director of Asian Development Bank (ADB) from 2009 to 2011 and also as Chairman of the Ethics Committee and Member of the Budget Review Committee of ADB. He obtained Bachelor in Economics from Gadjah Mada University, Yogyakarta, and Masters Degree from Vanderbilt University, Nashville, Tennessee, USA as well as a Doctoral Degree from Gadjah Mada University. Mr. Marwanto is a representative of the Government of Indonesia.

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  • Robert Pakpahan

    Commissioners 

    Graduated with a Bachelor in Accounting at the Stage College of Accountancy Indonesia and a PhD from the University of North Caroline at Chapel Hill, USA in Economics majoring in Public finance, Pak Robert Pakpahan has over 11 years of experience working with the Ministry of Finance in Indonesia. Currently Mr. Pakpahan has several major positions in different companies including at Indonesia’s Ministry of Finance as the General Director of Budget Financing and Risk Management, at the Millenium Challenge Account (MCA) as the Board of Trustee member, and lastly at Asian Development Bank as the Board of Director (representing ASEAN countries) and Chairman of Audit Committee, Credit Guarantee and Investment Facility (CGIF).

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  •  Zulkifli Zaini

    Independent Commissioners 

    Besides serving as a Commissioner at IIF, currently Zulkifli Zaini also serves as a Commissioner at Triputro Aro Persada and the Chairman of Indonesia Bankers Association (IBI). Prior to that, he served as a commissioner at BNI from 2015 to 2016 and PLN from 2013 to 2015. He had also held several key positions at Bank Mandiri since 2003, with the latest position as the President Director in 2010. He started his career in the financial industry at Bank Pembangunan Indonesia (Bapindo) for almost 12 years until 1999.

    Mr. Zaini earned his Bachelor degree in Civil Engineering from Bandung Technology Institute and holds an MBA from Washington University.

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  • Robert Olivier Dolk

    Commissioners 

    Robert Dolk has an extensive experience for over 30 years in financial services, working in Australia, Europe and Asia for organizations such as BNP Paribas and Deutsche Bank. He was appointed as Commissioner of IIF on 15 August 2012, and has been also serving as Independent Non- Executive Director of Zurich Financial Services Australia Limited (since December 2008), Law Cover Insurance Pty Limited (since April 2010), and Amber Holdings (since March 2011). Mr. Dolk is the representative of ADB.

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  • Juergen Hertel

    Commissioners 

    Mr. Hans-Juergen Hertel began his
career in DEG (Deutsche Investitions-und Entwicklungsgesellschaft mbH) in 1990 and has previously served as Director of the DEG Office in Jakarta. He graduated from Free University of Berlin, majoring in Political Economy & Business Administration. In IIF, Hans is also a member of the Audit Committee. Mr. Hertel is the representative of DEG.

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  • Rajeev Kannan

    Commissioners

    Mr. Rajeev Kannan is a Director & General Manager, Structured Finance Department (SFD) of Sumitomo Mitsui Banking Corporation (SMBC) in Tokyo. In his role Mr. Kannan is responsible for various products including infrastructure & project finance M&A and sponsor Finance, Asset Finance, ECA Finance and Structured Credit.

    Prior to moving to Tokyo, he was based in Singapore and was General Manager & Head of Structured Finance Asia Pacific (SFAP). He has over 18 years of experience in the Asia Pacific and Middle East region, advising clients on various infrastructure, PPPs and energy transaction. He earned his management and engineering degrees from Birla Institute of Technology and Science (BITS), Pilani. Mr. Kannan is the representative of SMBC.

     

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  • Richard Ranken

    Commissioners

    Currently, Richard Ranken is a Director of Xac Bank in Mongolia where he chairs the Audit Committee, and of a private equity fund for the Pacific Islands. He recently completed a term as Director of a major Australian provider of infrastructure and water for irrigated agribusiness where he chaired the Risk and Compliance Committee. He has served as the International Finance Corporation’s Director of Global Manufacturing, Director of Sub-Saharan Africa, and Director of East Asia and Pacific including for Indonesia. He holds a bachelors degree in agricultural economics and a masters degree in public administration from the Australian National University. He has completed the World Bank/Harvard Business School Executive Program, and is a graduate member of the Australian Institute of Company Directors.

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  • Ari Soerono

    President Director / CEO

    Ari Soerono has more than 18 years of experience in corporate finance, mergers & acquisitions, strategy development, and day-to- day management of companies, with industry experience in transportation, logistics, and financial services. Prior to joining IIF, he served as Chief Financial Officer in PT Blue Bird (2012- 2013). Previously, he was Deputy Chief Executive Officer & Chief Operating Officer in PT Cardig Aero Services Tbk. (2009 – 2012). Prior to that
he worked in Credit Suisse London, Accenture Jakarta and Seoul, and Citibank Jakarta. He was Deputy Head of the Standing Committee for Infrastructure Development at the Indonesian Chamber of Commerce (KADIN). He obtained an MBA from London Business School in 2000, and Chemical Engineering degree from the Bandung Institute of Technology in 1994.

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  • Indrawati Darmawan

      Director & Chief Financial Officer

    Prior to joining IIF as the Chief Financial Officer, Indrawati Darmawan served as the President Director at Standard Chartered Securities Indonesia for 6 years since 2010. Previously she was the Senior Vice President at Barclays Capital Indonesia (2008) and at UBS Indonesia (2007). She had also held key positions at several companies including: Managing Director at Mandiri Sekuritas (2004 – 2007), Vice president at Indonesia Bank Restructuring Agency (IBRA) (1999 – 2003), and Associate Director at Deutsche Morgan Grenfell (1994 – 1997). Earlier to her career, she served at PT Makindo Securities for a year since 1993 as the project manager, and also served as a Senior Auditor at KPMG Peat Marwick starting in 1991.

    Ms. Darmawan obtained her Bachelor Degree in Business Administration from Texas Christian University, USA in 1989, and graduated with a Master in International Business from West Coast University, USA in 1991.

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  • Harold Tjiptadjaja

    Director & Chief Investment Officer – Domestic Client

    Harold Tjiptadjaja was appointed Managing Director and Chief Investment Officer – Domectic Client in IIF in December 2011. Prior to joining
IIF, he was a Vice President of Earth Investment Group (2010-2011) and Corporate Finance Partner at Indoconsult Prima (2009-2011). Previously, he was a Vice President of Sinarmas Group in Indonesia and the Netherlands from 2007 to 2008. He obtained a Master of Science in Financial Economics from Erasmus University, Rotterdam, Netherlands in 1997.

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  • Wito Krisnahadi

    Director & Chief Risk Officer

    Prior to joining IIF as Managing Director and Chief Risk Officer in May 2012, Wito Krisnahadi served as Head of Credit Risk in PT Rabobank International Indonesia from 2010. Previously, he was a Senior Credit Manager in PT Bank DBS Indonesia from 2008 to 2010 and an Investment Officer at International Finance Corporation from 1998 to 2008. He is a dedicated finance and credit risk professional with extensive local and international experience in banking, corporate finance, project finance and loan workouts. He obtained a Bachelor of Commerce Degree from Curtin University of Technology, Perth in 1996, and MBA from the Rotterdam School of Management, Erasmus University, Rotterdam, the Netherlands in 2004.

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  • Hilda Savitri

    Director & Chief Investment Officer

    Hilda Savitri has 20 years of experience in investment banking, corporate banking, private equity and auditing firms. Prior to joining IIF, she was an Investment Director at TAEL Management (2007-2015), a regional fund manager managing a total fund of more than US$550 million from offshore institutional investors. Prior to that, she worked for UOB Asia Ltd from 2004 to 2007 with latest position as Associate Director, responsible for the structuring, execution and distribution of various merger and acquisition transactions, loan syndications, project financing, shares placement and other structured financing transactions for Indonesian clients. She had also worked for PT Danareksa (Persero) (1995 –1999 and 2001 –2002) and PT Nusantara Securities (2002 –2004) in investment banking division. She launched her career at the accounting firm, Siddharta Siddharta & Harsono (member of Coopers & Lybrand International) (1994-1995).

    Mrs. Savitri earned her MBA degree from Victoria University of Wellington, New Zealand (2001) on a full scholarship program from New Zealand Overseas Development Award, and her Bachelor degree in accounting from University of Indonesia (1994).

     

  • Irman Boyle

    Executive Vice President – Head of Public Sector Advisory

    Irman Boyle joined IIF in April 2012. He has about 15 years of experience in multilateral institutions and consulting firms (IFC, ADB, IIE/Energy Group, and PA Consulting), working in advisory service and public sector lending for energy and infrastructure projects. With IFC, he worked in the PPPs Transaction Advisory Department in its Jakarta office, advising government clients on a coal-fired IPP project and a water supply project. Until August 2011, he was also Indonesia country representative for the Private Finance Advisory Network (PFAN) where he provided project and financial advice for successful financial closings of several renewable energy IPP projects. Irman holds an MBA from Cass Business School at City University London, UK (1999), and an undergraduate degree in electrical engineering from the Bandung Institute of Technology, Indonesia (1993).

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