Danareksa turns to Lin Che Wei
Danareksa turns to Lin Che Wei
Urip Hudiono, The Jakarta Post/Jakarta
Noted analyst Lin Che Wei, who was inaugurated on Friday as
president director of PT Danareksa, has laid out plans for the
firm's future, including developing the state investment firm
into a "one-stop investment house."
Danareksa, which has both a securities management division and
a research institute among its subsidiaries, will also be
dedicating itself to assisting the government in raising public
funds to help finance the country's infrastructure projects, as
well as restructuring state-owned enterprises (SOE).
Lin replaced Zas Ureawan who was president director of the
firm between 2002 and 2005.
State Minister of State Owned Enterprises Sugiharto also
appointed Danareksa's new directors: Harry Wiguna, Wahzary
Wardaya, Muhammad Hanif and Aloysius Kiik Ro.
Established in 1976, Danareksa has among its subsidiaries,
Danareksa Sekuritas and Danareksa Research Institute.
Explaining his plans to transform Danareksa into a one-stop
investment house, Lin said Danareksa would provide more than just
technical and financial advice for investors interested in the
country's developing capital market.
"We will also provide them with information on all financial
and investment opportunities in Indonesia, and related services
to facilitate their investments here," he said.
"Indonesia has came back into investor's 'radarscope'; the
problem now is how to facilitate their interests."
As for raising funds to help the government finance its
infrastructure development plan, Lin Che Wei said that Danareksa
plans to establish an infrastructure fund next year, offering
pension funds, mutual funds, hedge funds and other products.
"Danareksa wants to help mobilize public funds effectively for
infrastructure development, particularly SOE pension funds or
from any interested foreign investors," he said.
Meanwhile, to help the government restructure SOEs, Lin, who
is also one of Sugiharto's advisors, said Danareksa would improve
its research division to provide specialist knowledge in the
energy, telecommunications and banking sectors.
"Danareksa will then be able to provide its services not only
during an SOE's privatization process, but also during its
restructuring," he said, adding that Danareksa would assist the
government in drafting its blueprint to consolidate the country's
158 SOEs to some 85.
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Position New official Former official
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President Lin Che Wei Zas Ureawan
Director Harry Wiguna Jos Parengkuan
Director Wahzary Wardaya Daniel F. Iskandar
Director Muhammad Hanif Farida Helianti
Director Aloysius Kiik Ro Harry Nugroho Prasetyo Danardojo
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