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Indonesia Names New Finance Minister
Jakarta Globe | May 19, 2010

Agus Dermawan Wintarto Martowardojo of Bank Mandiri is Indonesia Agus Dermawan Wintarto Martowardojo of Bank Mandiri is Indonesia's new finance minister.
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peterhal
11:53am May 20, 2010

So, how long before those lawmakers under investigation try to get rid of him. As long as those lawmakers continue to hide behind their "elected" status Indonesia is stuffed!


Roland
9:45pm May 19, 2010

They (= House of Representatives) hate him now already I am sure!


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Indonesia's new finance minister is Agus Dermawan Wintarto Martowardojo. His deputy has been named as Anny Ratnawati.

Agus will assume the position of outgoing Finance Minister Sri Mulyani Indrawati.

Agus is the current president director of state-owned Bank Mandiri, who replaced former president director Eduard Cornelis William Neloe, who is serving a lengthy jail term for corruption.

Born in Amsterdam on Jan. 24, 1956, Agus is known for his successes in turning around underperforming lenders.

Agus is most notably credited for revitalizing an almost-bankrupt private bank, PT Bank Permata, into a stable performer during his time as president director from 2003 to 2005.

From May 2005 until the present, he has headed the country’s largest lender, Bank Mandiri, which he has turned into one of the most profitable banks, raising its net profit from Rp 603 billion ($61 million) in 2005 to Rp 5.31 trillion in 2008.

Agus was nominated several times to serve as central bank governor, but was rejected by the House of Representatives.

Anny Ratnawati, tipped by a number of pundits as one of the frontrunners for the post, is the Ministry of Finance’s director general of budgeting.




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