Management

Management

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Board of Directors

Yadi Jaya Ruchandi

President Director

Serving as President Director since 9 October 2020, Yadi Jaya Ruchandi leads the development of Company’s short term and long term strategy towards becoming National Asset management Company. Previously he assumed the position of Director of Investment 2, in which he oversaw investment and asset management activities of PPA.

Before joining PPA, he has built his expertise across M&A, debt and corporate restructuring, business turnaround, and project development in various companies and roles. He worked as Senior Executive Vice President at Bank Exim (2019-2020), Chief Financial Officer at PT Tuban Petrochemicals Industries (2016-2019), Chief Operating Officer at PT Penjaminan Infrastruktur Indonesia (Persero) (2010-2016), Executive Vice President Project Development at PT Cardig International Aviation (2009), Corporate Finance Group Head (Deputy CFO) at PT Cardig International (2004-2006), Senior Investment Officer at Indonesian Banking Restructuring Agency (2000-2004), Capital Market Dealer at American Express Bank Jakarta (1999-2000), and Assistant Manager Treasury Analyst at American Express Bank Jakarta (1997-1999).

He holds a Bachelor of Mechanical Engineering from University of Indonesia (1995) and Master of International Management (MBA) from Thunderbird-The American Graduate School of International Management, Arizona, USA focusing on International Finance and International Operation (1997). He is also a CFA charter holder.

Rizwan Rizal Abidin

Director of Invesment 1 & Restructuring

Serving as Director of Investment 1 & Restructuring since 9 October 2020, Rizwan Rizal Abidin oversees restructuring and turnaround activities on SOEs portfolio and investment activities over Special Situations Fund. He also manages PPA existing investments on loan, structured debt, and hybrid financing.

Throughout more than two decades of professional experiences, he brought expertise in investment banking, private equity, and corporate restructuring. Before joining PPA, he assumed the position of Managing Director at IndoSterling Capital (2019-2020), Chief Investment Officer at NWP Retail – Warburg Pincus (2017-2019), Director/Head of Merger & Acquisition as well as varies leadership exposures in investment banking and corporate finance area at CIMB (2004-2017), Investment Officer at Indonesian Banking Restructuring Agency – BPPN (2000-2004), and Relationship Manager at Citibank (1999-2000).

Rizwan Rizal Abidin obtained several recognitions, such as Top 3 of the “M&A Banker/ Financial Advisor” league table (based on transaction size) in Indonesia by Merger market in 2017 and brought his former team as Best Bank: M&A Advisory Indonesia by Euromoney R.E in 2017, Deal Maker of The Year & Cross Border Deal of The Year (Mergers and Acquisition Awards)

He holds a Bachelor of Mechanical Engineering from Trisakti University (1996) and obtained a Master of Business Administration (MBA) in Finance and Artificial Intelligence from Southern New Hampshire University – Graduate Business School (1999). Rizwan is an alumnus of National Resilience Institute / Lembaga Ketahanan Nasional RI (LEMHANNAS RI) (2020).

Serving as Director of Investment 1 & Restructuring since 9 October 2020, Rizwan Rizal Abidin oversees operational management and financial activities under SOEs Restructuring and investment activities of PPA under Special Situations Fund.

Throughout two decades of professional experiences, he brought expertise in investment banking, private equity, and corporate restructuring. Before joining PPA, he assumed the position of Managing Director at IndoSterling Capital (2019-2020), Director of Investment at NWP Retail Warburg Pincus (2017-2019), Director of Merger & Acquisition at CIMB (2015-2017), Director of Corporate Client Solution at CIMB (2013-2015), Vice President Corporate Client Solutions CIMB (2009-2013), Vice President Investment Banking at CIMB (2007-2009), Vice President Corporate Finance at CIMB (2005-2007), Associate Director Corporate Finance at Noble Capital (2004-2005), Investment Officer at Indonesian Banking Restructuring Agency (2000-2004), and Relationship Manager at Citibank (1999-2000).

Rizwan Rizal Abidin achieved several awards, such as Best Bank: M&A Advisory Indonesia by Euromoney R.E in 2017 and Top 3 of the “M&A Banker/ Financial Advisor” league table (based on transaction size) in Indonesia by Mergermarket in 2017. He also participated in a training at National Resilience Institute (LEMHANNAS RI) Batch 5 and 6 of Chambers of Commerce and Industry (KADIN) program.

He holds a Bachelor of Mechanical Engineering from Trisakti University (1996) and obtained a Master of Business Administration (MBA) in Finance and Artificial Intelligence from Southern New Hampshire University Graduate School USA (1999).

Adi Pamungkas Daskian

Director of Investment 2

Serving as Director of Investment 2 since 9 October 2020, Adi Pamungkas Daskian drives strategic decision in relation to Non-Performing Loan Management both at State-Owned and Private Banks.

He has been exposed to various strategic roles in turnaround management and financial advisory throughout his professional career. Previously he worked as Corporate Deputy Director at PT Kereta Api Indonesia (Persero) (2020), Independent Financial Advisor in Singapore and Indonesia (2015-2020), Director at PT Meranti Putra Indonesia (2009-2015), Business Development Manager at PT Rizki Kacida Reana (2009-2015), Thesis Project at Mercurious (2008), Sales Manager at Wavelength Technology Pte Ltd (2006-2007), Financial Analyst at PT Delta Advisory Indonesia (2004-2006).

He holds a Bachelor of Engineering from Nanyang Technological University (2003) and obtained a Master of International Management (MBA) focusing on Business Administration from Nyenrode Business University (2008).