Roeslani will be assisted by Pandu Sjahrir and Dony Oskaria in managing the funds.
"Danantara will be led by Rosan Roeslani and assisted by Pandu Sjahrir and Dony Oskaria," he remarked during a press statement at the Presidential Palace on Monday.
President Prabowo Subianto launched BPI Danantara, Indonesia's Sovereign Wealth Funds (SWF), on Monday at the Presidential Palace.
The agency will manage assets exceeding USD900 billion, with an initial fund projection of USD20 billion.
Nasbi elaborated that Danantara will have two holdings: operations led by Oskaria, who is concurrently the Deputy Minister of SOEs, and the investment sector led by Sjahrir.
In addition, Prabowo appointed SOEs Minister Erick Thohir as Chairman of the Danantara Supervisory Board, assisted by Deputy Chairman Muliaman Hadad.
Former presidents of the Republic of Indonesia will also be involved as advisors to Danantara, which is a requirement in the Santiago Principle, as a guideline for good SWF governance.
"The former presidents will later be invited to become advisors. This agency will be full of competent figures," Nasbi remarked.
Meanwhile, Danantara Group CEO, who is also Minister of Investment and Downstream, Rosan Roeslani, also introduced Pandu Sjahrir as Chief Investment Officer (CIO) and Dony Oskaria as Chief Operating Officer (COO) in the Danantara structure.
Roeslani stated that Danantara has a layered organizational structure in the form of a supervisory board, an advisory board, and an oversight committee.
"We also have an audit committee, an investment committee, and others to ensure this institution runs properly and correctly," he stated.
Earlier, Prabowo said the funds managed by Danantara will be utilized to finance sustainable and high-impact projects in various sectors, such as renewable energy, advanced manufacturing, downstream industries, and food production.
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Translator: Mentari Dwi G, Resinta Sulistiyandari
Editor: Rahmad Nasution
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