TheJakartaPost

Please Update your browser

Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.

Jakarta Post

Danantara takes on Dalio, Sachs, others to ease governance concerns

Analysts caution that the fund’s success will hinge more on its execution than on the prominence of its board members.

Aditya Hadi and Deni Ghifari (The Jakarta Post)
Premium
Jakarta
Mon, March 24, 2025 Published on Mar. 24, 2025 Published on 2025-03-24T17:36:52+07:00

Change text size

Gift Premium Articles
to Anyone

Share the best of The Jakarta Post with friends, family, or colleagues. As a subscriber, you can gift 3 to 5 articles each month that anyone can read—no subscription needed!
Danantara takes on Dalio, Sachs, others to ease governance concerns Danantara's chief investment officer Pandu Sjahrir (left), CEO Rosan Roeslani (center) and chief operating officer Dony Oskaria (right) join hands for a photo at the management team announcement in Jakarta on March 24, 2025. (JP/Deni Ghifari)
Versi Bahasa Indonesia

D

anantara Indonesia, the country’s newly established sovereign wealth fund (SWF), has unveiled a leadership lineup featuring hedge fund titan Ray Dalio, economist Jeffrey Sachs and former Thai prime minister Thaksin Shinawatra.

The board also includes current or former executives from the World Bank, state-owned Bank Mandiri and the Indonesia Investment Authority (INA), the nation's other SWF.

Analysts view the appointments as an attempt to address concerns over government interference, particularly following the choice of Investment Minister Rosan Roeslani as Danantara’s head, but caution that the fund’s success will hinge more on its execution than on the prominence of its board members.

In February, President Prabowo Subianto picked Rosan to lead Danantara, along with Deputy State-Owned Enterprises (SOEs) Minister Dony Oskaria as chief operating officer and entrepreneur Pandu Sjahrir, a nephew of National Economic Council chairman and former coordinating minister Luhut Pandjaitan, as chief investment officer.

SOEs Minister Erick Thohir will join Danantara’s supervisory board, as will former Financial Services Authority (OJK) head Muliaman Hadad, who had initially been slated to head the fund.

Dalio, Sachs and Shinawatra are to join the advisory board, along with former Credit Suisse CEO Helman Sitohang and Capital Group equity portfolio manager Chapman Taylor.

Prospects

Every Monday

With exclusive interviews and in-depth coverage of the region's most pressing business issues, "Prospects" is the go-to source for staying ahead of the curve in Indonesia's rapidly evolving business landscape.

By registering, you agree with The Jakarta Post's

Thank You

for signing up our newsletter!

Please check your email for your newsletter subscription.

View More Newsletter

Meanwhile, former Indonesian presidents Joko “Jokowi” Widodo and Susilo Bambang Yudhoyono will sit on the steering committee.

to Read Full Story

  • Unlimited access to our web and app content
  • e-Post daily digital newspaper
  • No advertisements, no interruptions
  • Privileged access to our events and programs
  • Subscription to our newsletters
or

Purchase access to this article for

We accept

TJP - Visa
TJP - Mastercard
TJP - GoPay

Redirecting you to payment page

Pay per article

Danantara takes on Dalio, Sachs, others to ease governance concerns

Rp 35,000 / article

1
Create your free account
By proceeding, you consent to the revised Terms of Use, and Privacy Policy.
Already have an account?

2
  • Palmerat Barat No. 142-143
  • Central Jakarta
  • DKI Jakarta
  • Indonesia
  • 10270
  • +6283816779933
2
Total Rp 35,000

Your Opinion Matters

Share your experiences, suggestions, and any issues you've encountered on The Jakarta Post. We're here to listen.

Enter at least 30 characters
0 / 30

Thank You

Thank you for sharing your thoughts. We appreciate your feedback.

Share options

Quickly share this news with your network—keep everyone informed with just a single click!

Change text size options

Customize your reading experience by adjusting the text size to small, medium, or large—find what’s most comfortable for you.

Gift Premium Articles
to Anyone

Share the best of The Jakarta Post with friends, family, or colleagues. As a subscriber, you can gift 3 to 5 articles each month that anyone can read—no subscription needed!

Continue in the app

Get the best experience—faster access, exclusive features, and a seamless way to stay updated.