Prabowo Appoints Rosan, Pandu, and Dony to Lead $900 Billion Danantara Fund

INDONESIAUPDATES.COM, News En – President Prabowo Subianto has officially appointed Rosan Roeslani, Pandu Sjahrir, and Dony Oskaria to spearhead Indonesia’s newly established sovereign wealth fund, Daya Anagata Nusantara (Danantara). With an estimated $900 billion in state assets under management, the fund aims to bolster Indonesia’s economic growth and industrialization.

Leadership and Key Appointments

Rosan Roeslani, founder of Recapital Advisors and Indonesia’s current investment minister, will serve as the Chief Executive Officer (CEO). Pandu Sjahrir, an investor with expertise in energy and technology, has been named Chief Investment Officer (CIO), while Dony Oskaria, Deputy Minister of State-Owned Enterprises (SOEs), will take on the role of Chief Operating Officer (COO).

Their leadership will operate under the supervision of Erick Thohir, the Minister of SOEs, who chairs Danantara’s supervisory board alongside Vice Chairman Muliaman Hadad.

Concerns Over Governance and Dual Roles

The appointment of Rosan and Dony, both of whom hold government positions, has raised concerns regarding potential conflicts of interest. Experts, including Toto Pranoto from the University of Indonesia, suggest that Danantara’s leadership should ideally consist of independent, full-time executives to ensure optimal governance and market confidence.

“The management of a fund as significant as Danantara should be handled professionally by leaders who can dedicate their full time to it,” Toto stated in a discussion hosted by Investor Daily.

Strategic Investment Focus

Danantara is set to prioritize investments in critical sectors, including nickel, bauxite, and copper downstream industries, data centers, artificial intelligence (AI), oil refineries, petrochemical plants, food production, aquaculture, and renewable energy.

“These are the sectors that will define our future, resilience, and national self-sufficiency,” President Prabowo remarked at the fund’s launch event.

Profiles of Danantara’s Leadership

Rosan Roeslani A key figure in Prabowo’s 2024 presidential campaign, Rosan previously served as Indonesia’s ambassador to the US (2021-2023) and led the Indonesian Chamber of Commerce and Industry (Kadin) from 2015-2020. He co-founded Recapital Advisors with former Tourism Minister Sandiaga Uno, managing investments in mining, infrastructure, media, and banking.

Pandu Sjahrir With strong ties in Indonesia’s coal and energy industries, Pandu played a crucial role in the expansion of TBS Energi Utama. He has also been influential in technology and finance, serving as President Commissioner of Sea Group, Commissioner of Gojek, and Commissioner of the Indonesia Stock Exchange since 2020.

Dony Oskaria Dony brings extensive experience in state-owned enterprises, having led InJourney, Indonesia’s aviation and tourism SOE holding. He also held key positions at Garuda Indonesia and private-sector giant CT Corp.

Danantara’s Future and Economic Impact

With $900 billion in managed assets, Danantara is poised to become one of the world’s largest sovereign wealth funds. The fund’s success is expected to drive economic growth and position Indonesia as a major global investment hub.

“Danantara signals a new era for SOEs—not only as business entities but also as national assets that serve as agents of development, economic growth, and public welfare,” Prabowo stated.

However, concerns over governance remain. The administration has pledged regular audits and transparency measures to ensure accountability and build investor confidence.

Frequently Asked Questions (FAQ)

What is Danantara? Danantara (Daya Anagata Nusantara) is Indonesia’s newly established sovereign wealth fund managing $900 billion in state assets to drive economic growth and industrialization.

Who are the key leaders of Danantara? The fund is led by Rosan Roeslani (CEO), Pandu Sjahrir (CIO), and Dony Oskaria (COO), under the supervision of Erick Thohir as chairman of the supervisory board.

What are Danantara’s investment priorities? The fund focuses on strategic sectors such as nickel, bauxite, copper downstream industries, AI, data centers, oil refineries, petrochemicals, food production, aquaculture, and renewable energy.

Why are there concerns about governance? Some experts have raised concerns over potential conflicts of interest as Rosan and Dony hold government positions. Calls for independent and full-time executives have been made to ensure transparency.

How will Danantara ensure transparency and accountability? Prabowo’s administration has committed to regular audits and open scrutiny to maintain investor trust and uphold good governance practices.

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