INDONESIA: A leadership vacuum at the archipelago’s first sovereign wealth fund, Indonesia Investment Authority (INA), deepened with co-chief investment officer (CIO) Andry Setiawan resigning eight months into his tenor. Bloomberg also reported CEO Ridha Wirakusumah’s full term ended on the 15th February 2026, with no successor named. The chief risk officer post (CRO) remains unfilled since Thomas Oentoro left for national carrier Garuda Indonesia in October 2025. Only two officers now hold the five board positions – CFO Eddy Porwanto is both acting CEO and CRO, with the other being CIO Christopher Ganis.
The leadership uncertainty at INA comes as Indonesia’s other sovereign wealth fund, Danantara, is to eventually handle a US$900 billion mandate.
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