•    HOME   
•    NEWS   
•    BUSINESS   
•    INTERNATIONAL   
•    TECH   
•    SPORTS   
•    LIFE & TIMES   
•    OPINION   
•    MY JAKARTA   
•    BLOGS   
•    EYEWITNESS   

JPMorgan Chase, the largest bank in the United States, has named Haryanto Budiman its managing director and senior country officer for Indonesia.

Haryanto will also be JPMorgan’s head of global corporate banking for Indonesia, Gaby Abdelnour, the Asia-Pacific chief executive officer of JPMorgan, said in a statement that was released on Wednesday.

Haryanto confirmed the appointment in a telephone interview with the Jakarta Globe. He said the country had plenty of potential. “The prospect of the economy remains good in Indonesia,’’ he said.

He said Indonesia’s central bank had approved the appointment after conducting a series of fit-and-proper tests.

Haryanto’s main job will include leading strategic development for JPMorgan’s Indonesian franchise and partnering with local and regional leadership teams to ensure consistent delivery of the bank’s global platform to its clients in the country across all lines of business, Abdelnour said in the statement.

“Haryanto’s appointment highlights the importance of the Indonesian market to our bank,” he said.

“The country continues to attract an increasing amount of foreign investment and companies in Indonesia increasingly require more sophisticated and integrated financial solutions.”

Haryanto, who earned his PhD from the Massachusetts Institute of Technology, previously worked as a senior executive vice president at Bank Mandiri.

At Bank Mandiri, Haryanto led the bank’s strategic initiatives, including nonorganic growth activities through acquisition and alliances.

Before joining Bank Mandiri in 2006, he worked for McKinsey & Company in various management consultancy roles across North Asia, Southeast Asia, Australia, New Zealand and the United States.

Haryanto will report to Abdelnour, the statement said.