JAKARTA -- Indonesian President Joko Widodo on Tuesday named the head of a domestic bank to lead the country's planned $15 billion sovereign wealth fund.
Ridha Wirakusumah, president director of Bank Permata, the 12th largest bank in Indonesia by assets, was given the role as CEO of the fund, known as the Indonesia Investment Authority, or INA. The banker has been in his position since 2016, after previously serving as managing partner at DNB Consulting and Investment Hong Kong for two years.
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