Danantara Reshuffles Management, Hires Daniel Ginting as Legal Director
Updated
Updated · Bloomberg · Jul 3
Danantara Reshuffles Management, Hires Daniel Ginting as Legal Director
1 articles · Updated · Bloomberg · Jul 3
Summary
Daniel Ginting, a former partner at Ginting & Reksodiputro, has joined Indonesia’s Danantara wealth fund as managing director for legal and compliance, according to people familiar with the matter.
The appointment is part of a broader senior management shakeup at Danantara as the sovereign wealth fund expands its role under President Prabowo Subianto’s government.
Robertus Billitea, who previously held the legal and compliance post, has moved to Danantara Trust, the fund’s charity arm.
The changes signal Danantara is strengthening its leadership bench as it takes on a larger role in Indonesia’s state investment agenda.
With a $1 trillion asset claim but only $20 billion to invest, can Danantara truly deliver on its monumental economic promises?
As Indonesia's new wealth fund targets 8% growth, will 'Prabowonomics' prioritize corporate profits or public welfare and national resilience?
With two sovereign funds now operating, can Indonesia avoid rivalry and ensure its national investment strategies are complementary and not conflicting?