Indonesia Names Jeffrey Hendrik Stock Exchange CEO for 4 Years to Revive Worst-Performing Market
Updated
Updated · Bloomberg · Jun 18
Indonesia Names Jeffrey Hendrik Stock Exchange CEO for 4 Years to Revive Worst-Performing Market
3 articles · Updated · Bloomberg · Jun 18
Summary
Jeffrey Hendrik was picked to lead Indonesia’s stock exchange through 2030, in the government’s latest move to restore confidence in the country’s battered equity market.
Indonesia turned to a capital-markets insider as its benchmark stock market remains the world’s worst performer, making investor sentiment the central challenge for the new chief executive.
June 29 is the formal appointment date, when Hendrik and six other executives are due to be installed at a shareholders’ meeting, the Financial Services Authority said.
Hasan Fawzi, the regulator’s capital-markets supervision chief, framed the leadership change as part of a broader effort to stabilize the market and rebuild credibility with investors.