Director of Finance and Risk Management and Chief Director
Avianto Istihardjo has been appointed as Director of Finance and Risk Management through the Decree of the Minister of State-Owned Enterprises and President Director of PT Danareksa (Persero) No. 191/MBU/09/2022 and KPPS-46/015/DNRK dated 12 September 2022.
He has extensive experience as the chief risk officer with a demonstrated history of working in the banking industry in Asia Pacific Region. Skilled in credit risk, risk management, and corporate banking. Strong finance professional with a Master’s degree focused in Risk Management from University of Indonesia in 2006 and currently pursuing the doctoral program in Strategic Management from the same university.
Avianto previously worked as Financing Director at PT Bank Muamalat Tbk (2018-2022), Executive Director for Corporate Credit Group at DBS Bank Ltd Singapore (2017-2018), Head of Corporate Credit Group at PT Bank DBS Indonesia (2014-2017), SVP and Head of Credit & Risk Management at PT Bank Ekonomi Raharja Tbk (2010-2014), VP of Local Commercial Bank Risk Co-Head at Citibank NA (2008-2010), VP of Credit Risk Division at PT Bank OCBC NISP Tbk (1999-2008), and Relationship Manager at Bank of Tokyo Mitsubishi UFJ-BRI Finance (1995-1999).
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).
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).
Director of Special Asset Management
JF Hasudungan has been appointed through the Decree of the Minister of State-Owned Enterprises No. 309/MBU/09/2021 dated 14 September 2021 as Director of Special Asset Management.
His extentive expertise in managing low quality assets over the past 30 years would enhance PPA’s three business pillars of SOEs restructuring, NPL management, as well as Special Situations Fund. JF Hasudungan previously worked as Senior Executive Vice President Special Asset Management at PT Bank Mandiri (Persero) Tbk. His long-serving career in Bank Mandiri since 1991 (previosly Bank Ekspor Impor Indonesia) was focusing on asset management and restructuring.
He earned his Master’s degree in Financial Management from the University of North Sumatra in 2005 and graduated from HKBP Nommensen University with Bachelor’s in Economics and Accounting in 1989.