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AKARTA: JP Morgan announced on Wednesday the appointment of Haryanto T Budiman as managing director and senior country officer for Indonesia.

Haryanto, who would also be the head of global corporate banking for Indonesia, would lead the strategic development of JP Morgan’s franchise in Indonesia, partnering with the 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.

Gaby Abdelnour, the Asia-Pacific CEO of JP Morgan said: ”Haryanto’s appointment highlights the importance of the Indonesian market to our bank. The country continues to attract an increasing amount of foreign investment and companies in Indonesia require more sophisticated and integrated financial solutions,” he said.

Haryanto joins JP Morgan from Bank Mandiri, the biggest bank in Indonesia, where he served as senior executive vice president and member of the management board.

 He was in charge of the bank’s strategic initiatives, including non-organic growth activities through acquisition and alliances. He was also an active member of the bank’s highest level credit committee.

Previously, he worked for McKinsey & Company in various management consultancy roles across North Asia, Southeast Asia, Australia–New Zealand, and the US.

Haryanto was educated in the US and received his Ph.D from the Massachusetts Institute of Technology (MIT).

Haryanto will be based in Jakarta and, as senior country officer, will report to Abdelnour.