Darmin Nasution*

President Commissioner & Independent Commissioner

Mr. Nasution was the Coordinating Minister for Economic Affairs of the Republic of Indonesia (2015-2019). Mr. Nasution was succeeded by Mr. Airlangga Hartarto. Previously, Mr. Nasution was the Governor of Bank Indonesia in 2010-2013. Mr. Nasution was the Senior Deputy Governor of Bank Indonesia and was once the Acting Governor of Bank Indonesia (2009-2010). This office term was shorter than usual because Mr. Nasution had just taken over the office term of the previous Governor, Mr. Boediono, who was then elected as Vice President of the Republic of Indonesia.

He also served as Director General of Taxes at the Ministry of Finance (2006-2009), Chairman of the Capital Market and Financial Institutions Supervisory Agency (Bapepam-LK) (2005-2006), and Director General of Financial Institutions (2000-2005).

He holds a Bachelor’s degree in Economics from the University of Indonesia, in 1976, and received his Master’s and Doctorate degrees in the same major from the University of Paris, France in 1986.

Concurrent Position

Apart from serving as President Commissioner and Independent Commissioner of the Company, he is the President Commissioner of PT Pupuk Indonesia (Persero), President Commissioner of PT Smartfren Telecom Tbk., President Commissioner of PT Tripatra Multi Energi and Commissioner of PT FinAccel Finance Indonesia.

Affiliate Relationship Information

Mr. Nasution has no affiliation with members of the Board of Directors, members of the Board of Commissioners, and Shareholders of the Company.

*Subject to OJK’s approval on Fit and Proper Test

Rinaldi Firmansyah*

Independent Commissioner

Mr. Firmansyah was appointed as an Independent Commissioner of the Company since January 2018. Mr. Firmansyah earned a Bachelor’s degree of Electrical Engineering from the Bandung Institute of Technology (1985) and Master’s degree of Business Administration from the Institut Pengembangan Manajemen Indonesia (1998), Chartered Financial Analyst-AIMR, Charlottesville, USA and a Doctoral of Management Science from Faculty of Economics, University of Padjadjaran (2014). He started his career as Junior Field Engineer at Schlumberger-England, Project Manager & Commissioning Engineer at Siemens/PT Dian Graha Elektrika, then worked at Citibank (1988-1991), Vice President of Finance at PT Tirtamas Comexindo (1991-1997) and PT Kwalita Exporindo International, Director, President Director and Vice President Commissioner of PT Bahana Securities (1997-2004), Commissioner and Chairman of Audit Committee at PT Semen Padang (2003-2004), Director of Finance (2004-2007) and President Director (2007-2012) of PT Telekomunikasi Indonesia Tbk. He concurrently serves as a Commissioner of PT Blue Bird Tbk., Commissioner of PT Elnusa Tbk., and Commissioner of PT Telekomunikasi Indonesia Tbk.

Concurrent Position

Apart from serving as Independent Commissioner of the Company, he also serves as Independent Commissioner of PT Bluebird Tbk., President Commissioner of PT Pertamina Hulu Energi and President Commissioner of PT Pinnacle Persada Investama.

Affiliate Relationship Information

Mr. Firmansyah has no affiliation with members of the Board of Directors, members of the Board of Commissioners, and Shareholders of the Company.

*Subject to OJK’s approval on Fit and Proper Test

Bhimantara Widyajala

Commissioner

Mr. Bhimantara Widyajala has a strong educational and professional training background as well as a wide range long list of more than 36 years’ experience in both government and corporate areas. Mr. Widyajala currently is Director of Regional Financing and Economy in the Ministry of Finance. Previously he was Director of Capacity and Transfer in the Ministry of Finance. He had experience as Apparatus Resource Adviser of the Ministry of Finance of the Republic of Indonesia. he also held a position as Strategic Planning Adviser of the Ministry, at which concurrently in the period of 22 November 2018 up to 7 January 2019 he had an additional assignment as Acting Director of Center for Financial Profession Supervisory of the Ministry of Finance.

In 2011, He was a Director of Government Debt Securities, and later on, in 2012, he was assigned as Secretary of debt management office in the Ministry of Finance. He also served as a Board of Commissioner member of PT Indonesia Power, a power generation company from 2009 until 2013 and Commissioner of PT Perusahaan Pengelola Aset, a State- owned Asset Management Company (2012-2013).

Prior to joining PT Indonesia Infrastructure Finance (IIF), he served as Executive Director of The Asian Development Bank in Manila, Philippines for four years from July 2013 until June 2017. He represented a constituency of eight member countries,Armenia, Cook Islands, Fiji, Indonesia, Kyrgyz Republic, New Zealand, Samoa and Tonga. During his term as the ADB Board of Directors member, he actively served some Committees of the Board as follows: the Chair and a member of Ethics Committee of the Board (November 2015-June 2017), the Chair and member of Audit Committee of the Board (July 2014-November 2015), Member of Board Compliance Review Committee (July 2013-November 2015), a Member of the Audit Committee of the Board (July 2013-June 2017). Mr. Widyajala also was the Dean of the ADB Board of Directors from January until June 2017.

His professional designations in auditing, (Certified Internal Auditors/CIA, Qualified Government Internal Auditor/QGIA, and Indonesia Internal Auditor Practitioner/IIAP); risk management (Certified Risk Management Assurance/CRMA); and accounting (Chartered Accountant/CA; Fellow CPA/FCPA (Aust.), ASEAN CPA, Certified Professional Management Accountant/CPMA) as well as in the professional human resources management area, Certified Professional Human Resources Management/CPHRM) represent his credential and strong professional competence in good corporate governance. His professional competence in handling variety of tasks brought him to visit more than 30 countries in the five continents during past two decades including worked and lived abroad, in US and Philippines more than five years.

Mr. Widyajala obtained his bachelor’s degree in Law from the University of Indonesia and Accountant by training from the State College of Accountancy and Master of Science in Finance from the George Washington University, Washington DC, USA, at which in 1999 he had experience working for the Ernst & Young, LLP, Washington, DC. He took many capacity-building programs both in Indonesia and abroad, including Executive Training: Leading Smart Policy Design and Implementation organized by the Harvard Kennedy School, the Harvard University, USA in 2022 and Executive Training: Leading and Managing People organized by Wharton Executive Education, the University of Pennsylvania, Philadelphia (USA), in 2012.

Concurrent Position

In addition to serving as the Company’s Commissioner, he is Director of Regional Financing and Economy in the Ministry of Finance. He also actively serves as Vice Head Department of Law, Regulation, and Digital Policy in the Indonesian Association of Digital Leaders (APDI) since 2022.

Affiliate Relationship Information

Mr. Bhimantara Widyajala has no affiliation with members of the Board of Directors and other members of the Company’s Board of Commissioners. He is a representative of PT Sarana Multi Infrastruktur (Persero).

Oza Olavia

Commissioner

Ms. Oza Olavia serves as Commissioner of the Company since June 2023. Currently she is serving as Expert Staff to the Minister of Finance for State Revenue. For over 20 years, she had built her career at the Directorate General of Customs and Excise (DGCE). Some of the positions occupied during her tenure at DGCE were: Assessor for Customs and Excise Service and Receipt, Head of the Regional Office of the Directorate General of Customs and Excise Jakarta, Technical Director of Customs, and Head of the Regional Office of the Directorate General of Customs and Excise of North Sumatra.

Ms. Olavia holds a Bachelor’s degree in Pharmacy from Andalas University (1995) and a Master’s degree in Science from the University of Indonesia (2005). Coming from a diverse background, she has a proven track record in working for the government in the financial industry.

Concurrent Position
In addition to serving as the Company’s Commissioner, she is an Expert Staff to the Minister of Finance for State Revenue.

Affiliate Relationship Information
Ms. Oza Olavia has no affiliation with members of the Board of Directors and the Board of Commissioners. She is a representative of PT Sarana Multi Infrastruktur (Persero).

Marc-Oliver Juenemann

Commissioner

Dr. Juenemann, 55 years old German citizen, with more than 20 years of relevant experience in finance. Dr. Juenemann worked for about 12 years as Senior Investment Executive / Deal Team Leader in FIG on Equity & Quasi Equity transactions primarily in Southeast Asia, East Africa, Egypt and Mexico. After two short terms of financial-institution-related advisory mandates in Nepal and Albania and two years as Analyst of Emerging Market Banks in Frankfurt, Dr. Juenemann covered securitizations and structured credit as Analyst and Portfolio Manager in London and Hamburg. Dr. Juenemann started his career in SME & Retail Banking in 1989, and worked during the economic transition period in former East Germany in a savings bank as client manager.

Dr. Juenemann has been part of Teak Tree Investment in Cayman Islands, Bridge Investments Pte. Ltd. Manila, HSH Investment Management, S.A.in London, HSH Nordbank AG in London and Hamburg, and other various companies across Europe and Asia.

Dr. Juenemann holds an equivalent to Master of Science in Economics and Doctorate in Economics from the University of Gottingen, Germany.

Concurrent Position

In addition to serving as the Company’s Commissioner, he is a Non-Executive Board Member in Rent2Own Singapore, and Vice President in KfW Banking Group / DEG in Cologne, Germany.

Affiliate Relationship Information

Dr. Marc Oliver Juenemann has no affiliation with the members of the Board of Directors and the Board of Commissioners of the Company.  He is a representative of DEG.

Lodewijk Govaerts

Commissioner

Mr. Govaerts brings more than 25 years of Financial and Business Management experience serving international companies, financial institutions, and High-Net-Worth individuals across the globe, which has made him a mature professional with vast experience in senior executive leadership positions in several global banks spread across eight countries in Asia, Australia, Europe and the Caribbean, such as ABN Amro and Scotiabank. His professional experience encompasses the entire banking sector, including Corporate & Investment Bank, Private Banking & Wealth Management, and Retail & Commercial Bank-Assurance.

He is still actively involved in M&A, Capital Markets, Private Equity, Corporate Finance, Structured & Project Finance, and Asset Management in nearly all industry (Tech) sectors. Throughout his career, he assumed various senior executive and C-level roles in 9 countries across the Asia Pacific & Middle East, Europe, and the Caribbean, including Country CEO Scotiabank Malaysia, Country CEO ABN AMRO Indonesia, Head Credit Portfolio Management ABN AMRO Asia Pacific & Middle East, Assistant Managing Director Scotiabank – MCB Dutch Caribbean.

Concurrent Position

• Non-Executive Director at Data Cleantech Capital Limited (IFC Nominee), Mumbai, India
• Managing Partner of CNX Transaction Partners, Amsterdam, the Netherlands
• Non-Executive Director of Origen Fresh (Goodwell’s Nominee), Nairobi, Kenya
• Supervisory Board Member of University Leiden, Leiden, the Netherlands

Affiliate Relationship Information

He has no affiliation with the members of the Board of Directors and fellow members of the Board of Commissioners, but he has an affiliation with shareholder Asian Development Bank (“ADB”), serving as ADB’s Nominee Non-Executive Director in IIF’s Board of Commissioners.

Supriya Prakash Sen

Commissioner

Ms. Sen is a former banker and she has been working for over 30 years in project and structured finance at GE Capital, World Bank, Asian Development Bank, Citibank, and private equity investment firms- in areas of renewable energy, transportation, urban infrastructure and banking sector projects and programs in India, China, Southeast Asia and Middle East.

She has also served as a Senior Advisor at Mckinsey and as Board Level Advisor in capital raising, strategic planning, policy and program design, public private partnerships, sustainable investing and innovation at various financial, technology and infrastructure service companies.

Ms. Sen has an honours undergraduate degree in Engineering from Bangalore University and an MBA from Indian Institute of Management Calcutta.

Affiliate Relationship Information

Supriya has no affiliation with the members of the Board of Directors and the Board of Commissioners of the Company. She is a nominee of IFC.

Seth Tan

Commissioner

Mr. Tan has over 25 years of infrastructure financing experience across several regions and in a broad range of infrastructure sub-sectors. Besides Singapore, he has also worked in Australia, Hong Kong and China for almost 15 years.

Currently, Mr. Tan heads up Infrastructure and Development Finance in the Structured Finance Department, Asia Pacific at Sumitomo Mitsui Banking Corporation (SMBC). In his role, Seth Mr. Tan focuses on Southeast Asia, South Asia and Northeast Asia (ex-Japan) on export credit agency financing and infrastructure financing.

Prior to his role at SMBC, Mr. Tan was the founding head of Infrastructure Asia, a regional infrastructure facilitation office under the Singapore government. He also previously worked at DBS Bank, Standard Bank, Babcock and Brown and BNP Paribas.
Mr. Tan graduated from the National University of Singapore.

Concurrent Position

In addition to serving as the Company’s Commissioner, he is the Managing Director and Head of Infrastructure and Development Finance in the Structured Finance Department, Asia Pacific at Sumitomo Mitsui Banking Corporation.

Affiliate Relationship Information

Mr. Tan has no affiliation with the members of the Board of Directors and the Board of Commissioners of the Company. He is a representative of Sumitomo Mitsui Banking Corporation.