GlobeAsia Lists / October 2018
Nurhaida has played an active role in Indonesia's capital market over the past five years in her capacity as commissioner of the Financial Services Authority (OJK). Her tasks include oversight of operations at the Indonesia Stock Exchange (IDX). She has been at the center of the transition from the former Stock Exchange Supervisory Body (Bapepam) to the OJK as the official supervisor of the stock and financial markets. Having been re-elected for another five-year term recently, her deep understanding of the market makes shocks and scandals unlikely. Nurhaida is a seasoned veteran of the Ministry of Finance, which she joined after graduating from West Java's Bandung Institute of Technology (ITB) in 1989. She also has an M.B.A. from Indiana University.
As deputy chairwoman of the Indonesian Chamber of Commerce and Industry (Kadin), Shinta Widjaja Kamdani plays a prominent role in the local business community. She has advocated for the government to sign more bilateral free-trade agreements to promote and expand business opportunities. Shinta also plays a major role in the Indonesian Employers Association (Apindo), while she and her friends founded the Global Entrepreneurship Program Indonesia (GEPI), an initiative to establish and promote new entrepreneurs in the region. As chief executive of the Sintesa Group, she rules an empire with interests in 17 sectors, including consumer goods distribution, energy, steel and real estate. She is also active in venture capital, providing seed funding for various local startups. She is a graduate of Barnard College, Columbia University and the Harvard Business School's Executive Education Program.
Arini Saraswati Subianto, or Ninin to her friends, comes from a business family but she also has a great passion for books, designing and other lifestyle pursuits. She inherited wealth from her late father, the tycoon Benny Subianto. Ninin now helms the family's holding company, PT Persada Capital Investama, which, along with her father's counterparts such as Boy Thohir, Edwin Soeryadjaja and Theodore Permadi Rachmat, has sprawling interests in various companies, including the Adaro Group. She also heads PT Pandu Alam Persada and PT Dharma Satya Nusantara, which her father co-founded with TP Rachmat. Ninin's passion for books has involved her in Aksara, an upmarket bookstore in South Jakarta.
Friderica Widyasari Dewi
Friderica Widyasari Dewi, better known as Kiki Widyasari, has risen to prominence in the Indonesian financial community since her appointment as president director of the Indonesian Central Securities Depository (KSEI) 10 years ago. Prior to that, she was a highly successful director of the Indonesia Stock Exchange (IDX). The former model is responsible for coordination between users of the KSEI's services, the Financial Services Authority (OJK) and stakeholders to meet the demands of a dynamic capital market. The Gadjah Mada University economics graduate also has a master's degree in finance from California State University, Fresno.
Desi Arryani has been at the vanguard of Indonesia's massive toll road development. As the first woman to head state-owned toll road operator Jasa Marga, she oversees the construction and management of most of Indonesia's major highways. In her previous role as operations director at state-owned contractor PT Waskita Karya, she worked on several key projects, including the construction of irrigation systems. Desi obtained a degree in civil engineering from the University of Indonesia and she also obtained a qualification from the Prasetya Mulia Management Institute. She has spent most of her career at Jasa Marga, which is set to open six new toll roads this year. They are Gempol-Pasuruan, Bawen-Salatiga, Medan-Kualanamu-Tebing Tinggi, Surabaya-Mojokerto, Solo-Ngawi and Ngawi-Kertosono.
Fatimah Kalla has shown that female leadership can bring significant changes to companies. As a family business, the Kalla Group decided to introduce digital technology to make its operations more transparent, efficient and accountable. To achieve this, Fatimah implemented Oracle Enterprise Resource Planning Cloud and Oracle Human Capital Management solutions in the group's operations. She is the youngest sister of Indonesian Vice President Jusuf Kalla, who has long believed that the "female touch" gives women an advantage over men in managing businesses. He stood by that belief when he returned to public office in 2004, handing the management of the Kalla Group to Fatimah. She has since expanded the group's focus from trading to various other interests, creating an industrial giant, which now owns the largest cocoa-powder factory in eastern Indonesia, a nickel smelter and some power plants. Fatimah and her husband Pulu Niode have two children, Muhammad Zakaria Niode and Siti Hajar Maharani Niode. Fatimah is a qualified pharmacist, but she gave up that career when she was called up to head the family business.
Irene Tedja has followed in footsteps of her mother, Melinda, to lead the family business, PT Pakuwon Jati Tbk. A prominent woman from a prominent family, Irene is the daughter of the group's founder, Alexander Tedja, and she now serves as director of publicly listed Pakuwon Jati, one of Indonesia's top property management and development companies based in Surabaya, East Java. Irene graduated from the University of Pennsylvania with degrees in psychology and economics. She formerly worked in the mergers and acquisitions, and real estate divisions of Chase Securities in New York. She is married to Prajna Murdaya, the son of tycoon Murdaya Poo and his wife Siti Hartati Murdaya.
Tempo Scan Group
Kartini Muljadi has been known as a respected notary lawyer since the 1970s. She made a name for herself both in Indonesia and abroad as a corporate lawyer, advising many local and international business organizations, including the World Bank and the International Finance Corporation. In business, she founded the Tempo Scan Group, which has grown into a diversified business that has branched out from its initial focus on pharmaceuticals to the food and beverage, and lifestyle sectors. She recently published a book on batik, driven by her passion to preserve Indonesia's cultural heritage. She has successfully groomed her son Handojo Muljadi to run Tempo Group, which has become one of Indonesia's leading pharmaceutical companies, while her daughter, Dian Muljadi, is a businesswoman with media and lifestyle-related interests.
Tantri Onny Bianti
Tantri Onny Bianti is a rare example of a professional turned entrepreneur. As a qualified dentist, Tantri long had a passion to develop skin-care products and transformed her business into a significant player in the industry with robust growth over the years. Along with her husband, Freddy Setyawan, Tantri has developed her business to cater to the needs of women through a network that now boasts more than 110 beauty clinics throughout Indonesia. Her efforts to constantly improve her products paid off when her business received the 2017 International Arch of Europe Award for quality and technology. The company is also active in social corporate responsibility programs.
Barito Pacific Group
Harlina Tjandinegara is not only a major supporter of her husband Prajogo Pangestu, but also an impressive businesswoman in her own right. She helped build diversified group PT Barito Pacific Tbk from scratch. The company, which was initially engaged in the timber trade, was hit hard by the Asian financial crisis of the late 1990s. The couple dropped below the radar and re-emerged when Barito Pacific was resurrected to become a major force in petrochemicals. More recently, she has taken a supporting role when her children started to play more active roles in the company, but she retains a reputation as a sharp businesswoman. The group recently acquired a major stake in Mambruk Anyer, a four-star hotel located in Anyer, Banten, not far from a major industrial complex and the location of subsidiary, Chandra Asri Petrochemical. Harlina has been a commissioner of the group since 1993 and helped Prajogo increase his ownership in the company to around 70 percent.
A true banker, Roosniati Salihin has helped turn Bank Panin into a substantial player in the industry. She is prominent in Indonesia's finance sector and played a pivotal role in seeing Bank Panin become the sixth-largest domestic bank by assets. She also helped to arrange a partnership with the Australia and New Zealand Banking Group (ANZ). She continues to push for further improvements in the national banking sector, and has been encouraging the government to do more to stimulate economic growth. Through her Titian Foundation, Roosniati is also helping Indonesian children work towards a brighter future.
Siti Hardiyanti Rukmana
Siti "Tutut" Hardiyanti Rukmana is still closely involved in her family's business, the Citra Group, which manages toll roads, infrastructure development and investment. Although she has extensive business interests both in Indonesia and abroad, she and the other children of the late President Suharto prefer to maintain a low profile. Tutut does a lot of work to assist the poor. Her most recent public role involved managing the Amateur Baseball and Softball Association of Indonesia (Perbasasi). Tutut won a major victory in her campaign to wrest back broadcaster TPI from Hary Tanoesoedibyo's MNC when the Supreme Court ruled in her favor, but a pending appeal may further prolong the 15-year dispute.
Educator, Vice President Director
Caroline Riady has shown solid business leadership in both the education and health care sector within the Lippo Group. She started her career as a teacher at Lincoln Elementary School in Wheaton, Illinois, in 2004 before returning home to join Sekolah Pelita Harapan and Pelita Harapan University (UPH) in 2006. In 2012, she switched to the health care sector, joining Siloam Hospitals Kebun Jeruk, where she served as chief executive until 2016. She is currently vice president director of PT Siloam International Hospitals Tbk. Caroline has a bachelor's degree in elementary education and psychology from Wheaton College in Illinois.
Vice President Director
Bhindawati Gunawan is the daughter of Panin Group founder Mu'min Ali Gunawan. She is now vice president director of PT Panin Financial Tbk, the group's listed insurance arm. She graduated from the University of San Francisco in 1983 and holds a bachelor's of science degree in economics. Bhindawati started her career at Bank of America, National Trust and Savings Association in 1984 and has held various positions in the Panin Group, including executive vice president of PT Multi Artha Guna Insurance Limited. This year, Panin Financial sold 80 million shares worth Rp 17,7 billion ($1.2 million) to its parent company, PT Paninvest Tbk, which is another Panin Group subsidiary.
Martha Tilaar is credited as a pioneer by many in Indonesia's herbal medicine and cosmetic business community. Born Martha Handana in Kebumen, Central Java, she started off as a school teacher but worked hard over the years to become one of the country's best-known businesswomen. Her Martha Tilaar brand is a strong contender in the production and distribution of beauty products and traditional herbal medicines for women. The company supplies a wide range of health products, cosmetics and other services to both the domestic and export markets. Martha continues to actively promote social entrepreneurship for women, not least through the example she has set in building her brand.
Since becoming president director of PT Bank OCBC NISP Tbk in 2008, Parwati Surjaudaja has continuously upheld the values her father, Karmaka Surjaudaja, had laid down in the company he co-founded in Bandung, West Java, 77 years ago. The bank she nurtured has received many awards, both in Indonesia and abroad, for its solid performance and focus on financing small and medium enterprises. The lender won Mobile Banking Initiative of the Year – Indonesia, SME Bank of the Year – Indonesia, and International Retail Bank of the Year – Indonesia in the retail banking category at the 2018 Asian Banking & Finance Awards in Singapore in July. It also won Indonesia Domestic Foreign Exchange Bank of the Year, and Indonesia Domestic Technology & Operations Bank of the Year in the wholesale banking category.
Catherine Hadiman is a seasoned banker who is now director of commercial banking at PT Bank HSBC Indonesia. The former CIMB Niaga vice president attended the Harvard Business School's Executive Program and was fully certified by the Management Risk Certification Body (BSMR) in 2006. She holds a bachelor's degree in business administration from Atma Jaya Catholic University and another in accounting from Trisakti University. Catherine notes that HSBC will focus on infrastructure credits, pharmaceuticals and trade financing.
Bank Negara Indonesia
Adi Sulistyowati is director of institutional relations and transactional banking at PT Bank Negara Indonesia Tbk. She held various positions at the lender, including head of the network and services division, and chief executive of the lender's Senayan region in Jakarta before her appointment as director in March 2015. She obtained a bachelor's degree in management from Krisnadwipayana University. This year, Adi represented the lender, better known as BNI, in various partnerships with other institutions, including the launch of a special program to provide disadvantaged children with savings accounts, and establishing cooperation with state-owned port operator Pelindo, and the state-run Health Care and Social Security Agency (BPJS Kesehatan).
Blue Bird Group
Noni Sri Ayati Purnomo has succeeded in transforming the Blue Bird Group's traditional taxi business to enter the digital age. The 40-year-old family business has developed its mybluebird smartphone application in collaboration with Indonesian ride-hailing service Go-Jek to make it easier and more convenient to find a taxi, thereby increasing passenger numbers and boosting income for both drivers and the company. Blue Bird made a progressive move to a digital platform, while at the same time preserving the group's image as the nation's leading transportation company. It is also continuously rejuvenating its fleet with the addition of new Honda Mobilio and Toyota Avanza mini multi-purpose vehicles.
Catherine Hambali has shown her business acumen amid the recent turbulence in the multi-finance sector. She is president director of the Ciptadana Group, which has a strong presence in Indonesia's financial services industry. She played an important role in the industry's evolution, supporting business growth in Indonesia. Catherine and her siblings Irene, Peggy, Tonny and Aileen have developed Ciptadana into a diversified business with interests in petrochemicals and the plastics industry through Dynaplast, a leading manufacturer of rigid plastic packaging. The family also has interests in the Wings Group, Lippo Group, Mulia and other big names. The Ciptadana Group is involved in a wide range of financial market activities, including securities, brokering and underwriting, as well as asset management.
Yanti Sukamdani is the daughter of the late hotel tycoon Sukamdani Sahid Gitosardjono. Her father's business empire, the Sahid Group, is a rare example of a local chain that has survived amid tough competition in the hotel industry. Yanti, who heads both PT Sahid International Hotel Management and PT Sahid Bintang Resort, is active in many organizations, including the Indonesian Chamber of Commerce and Industry (Kadin), Asean Tourism Association (Aseanta), Indonesia Tourism Promotion Board, and Indonesia Hotel and Restaurant Association (PHRI) – chaired by her brother, Hariyadi Sukamdani. She has showed a strong interest in boosting foreign tourist arrivals into the archipelago through the promotion of cultural activities and events.
Ihsan Mulia Putri
Kapal Api Global
Ihsan Mulia Putri is the third generation to lead PT Kapal Api Global, a family-owned business that produces the popular brand of coffee by the same name. Armed with the experience she gained at JP Morgan Chase Bank in Singapore before returning to Indonesia in 2009, Putri managed has to transform Kapal Api Global into a professional group of companies. Thanks to major changes in culture, organization and management within the group, the Kapal Api brand has strengthen its grip on the national coffee market.
Feny Djoko Susanto
Feny Djoko Susanto is the daughter of Djoko Susanto, founder of mini-market retail chain Alfamart. She has steadily climbed the corporate ladder to become president director of PT Sumber Alfaria Trijaya Tbk in 2002. Over the years, she nurtured the company to ward off stiff competition and she succeeded in maintaining its dominance in the market. Feny became president commissioner in 2014. She obtained a bachelor's degree in business administration from Ohio State University in 1997 before earning a master's degree from Cleveland State University.
Rina Ciputra is the eldest daughter of engineer and renowned property entrepreneur Ciputra. She led PT Ciputra Development, the holding company of the family business, before handing the management to professionals. Rina has a strong interest in the arts, which saw her become the mastermind behind Ciputra Artpreneur, a space within her family's superblock in Kuningan, South Jakarta, dedicated to become a center of Jakarta's cultural life. She shares her father's dream of building a prestigious art complex in Indonesia for local and international audiences.
Putri Kuswisnu Wardani
Putri Kuswisnu Wardani is the daughter of Mooryati Soedibyo, founder of cosmetics company PT Mustika Ratu Tbk. Putri has been involved in the family business since 1988 before taking over control from her mother in 2011. She is also involved in influential business lobbies in the country, including the Indonesian Employers Association (Apindo) and the Indonesian Chamber of Industry and Commerce (Kadin). She obtained an M.B.A. from National University in California.
Catharina Widjaja proved herself as a professional before joining the family-owned Gajah Tunggal Group, the largest integrated tire manufacturer in South East Asia. She previously worked at high-profile multinational companies, including Deutsche Bank and HSBC. With as head for numbers, she obtained a master's of science degree in control engineering from the University of Bradford in England in 1986, a year after completing a course in mathematics at Sheffield Polytechnic, also in England. Catharina also obtained post-graduate diplomas in mathematics, statistics and computer studies from Leeds Polytechnic. The Gajah Tunggal Group keeps expanding and making new alliances with multinational companies, including a joint venture with Inoue Rubber of Japan, to produce motorcycle tires.
Bernadette Ruth Setiady
Kalbe Farma Group
Bernadette Ruth Setiady played a major role in the transformation of the Kalbe Farma Group, a Jakarta-based pharmaceutical company, established in 1966. She spearheaded the family businesses' consolidation under a single holding company for easier management. The group, which has grown beyond its roots to become a consumer goods company, is now expanding into Southeast Asia with hundreds of product lines. Ruth obtained a master's degree in food science from Cornell University in New York. The group controls more than 20 subsidiaries and employs around 17,000 people.
Fathema Djan Rachmat
Few people know that Dr. Fathema Djan Rachmat is the woman behind many innovations and the rebirth of Pelni Hospital, a multi-specialty medical facility in West Jakarta. Under her leadership, the hospital was transformed into an innovative health care provider. Fathema is a former head of the surgery department at the University of Indonesia Faculty of Medicine – a prestigious position in her specialty. She has served as head surgeon at state-owned Cipto Mangunkusumo Hospital in Central Jakarta, the country's busiest. She was also a commissioner of the Jakarta Heart Center. Fathema received extensive training in hospital management at Singapore Management University. Among her many accolades, she is one of few recipients of the Indonesian Women's Award, or API.
Despite being the daughter of tycoon Murdaya Poo, whose family business spans various sectors, from property to tech and exhibition centers, Metta Murdaya decided to go her own way. Along with friends Jill Sung, Tammy Chuang and Yoshiko Roth, she launched the Juara brand of skin-care products, targeting well-heeled customers. The brand offers a mix of traditional Indonesian herbal remedies and modern skin-care technologies. Metta is currently involved in her angel investment network, which aims to fund and nurture new entrepreneurs in the country.
Total Bangun Persada
Janti Komadjaja was entrusted with leading PT Total Bangun Persada Tbk, one of Indonesia's largest privately owned construction companies, as president director in 2009. She holds a master's of science degree from the University of Southern California. Under her leadership, the company has become a developer that can handle construction projects of any size. Her reputation has led to cooperation on the Global Smart City-Millennium Village project between her company and PT Lippo Karawaci, the property arm of the Indonesian conglomerate. Under her leadership, Total Bangun Persada has managed to survive tough conditions in the industry amid a weakening economy.
Wiwiek Dianawati Santoso
Wiwiek Dianawati Santoso is one of very few women in a male-dominated industry. She is the president director of toll road operator PT Marga Mandalasakti (MMS), a subsidiary of the Astra Group, a diversified Indonesian conglomerate. She never hesitates to carry out impromptu site visits, or meet customers on-site, to ensure that the services her company offers are at the best. MMS operates several toll roads, including a section between West Tangerang, on the western outskirts of Jakarta, to Merak in Banten – a port on the Sunda Strait. The company also has stakes in various other toll roads, including Kertosono-Mojokerto and Kunciran-Serpong.
Wendy Sui Cheng Yap is the daughter of Piet Yap, the founder of Sari Roti, a popular brand of bread products in Indonesia. She started her career in her father's real estate business in the United States after obtaining a bachelor's degree in commerce from the University of Melbourne. She returned to Indonesia in 1995 and co-founded PT Nippon Indosari Corpindo, a business that now produces more than 5 million Sari Roti breads per day in various factories across Indonesia. The company has seen revenue growth in recent years, exceeding that of most other companies in Asia, and it continues to perform well under Wendy's stewardship.
Tience Sumartini always had a passion for flying, which led her to open the Bali International Flight Academy (BIFA), a flight school on the Indonesia's popular holiday island. The business met overnight success, thanks to its ability to provide a much-needed supply of qualified pilots to the country's fast-growing aviation industry. In addition to managing BIFA, Tience is also active in an angel-investor network, along with other powerful women in Angin, a female-oriented angel fund network run by Global Entrepreneur Program Indonesia (GEPI). The network has been active in looking for new investment avenues and working to assist small female-owned startup business ventures.
Ivy Kamadjaja and her brother Ivan are both involved in the management of Kamadjaja Logistics, one of the country's largest logistics companies. Together, they have built an integrated business to outcompete rivals in the sector. They also implemented modern information and technology systems at the core of their company's operations to improve efficiency. The company has strong experience in building a bonded warehouse that offers a one-stop service to industries to obtain goods that previously had to be sourced at higher prices from Singapore and Malaysia. Ivy graduated with a degree in marketing and management from the University of Technology Sydney before joining Indonesia's largest privately owned lender, Bank Central Asia, where she worked until her parents called on her to help grow the family business. They now also own Kamadjaja Corporate University, which prepares new business leaders.
Medina Latief Harjani
Medina Latief Harjani is the daughter of Abdul Latief, a former manpower minister who owns Pasar Raya, a mall in the busy commercial area of Blok M in South Jakarta. Since her father appointed her as president director of Pasaraya in 2011, Medina has introduced several changes to turn the ailing property business into a family lifestyle experience. Although the mall sells international brands, Medina combined its offering to also include high-quality local products. She has a degree in economics from Trisakti University in Jakarta and an M.B.A. from Lincoln University in San Francisco. Medina owns Batik Café & Lounge, which specializes in Javanese culinary delights.
Junita Ciputra is another daughter of property tycoon Ciputra, who has strong background in finance. She joined her father's business empire as a finance manager after obtaining a master's degree from the University of Southern California. She also earned an undergraduate degree from the university. At Ciputra Development, where she previously worked as a director, she focused on initiatives to support young entrepreneurs in the country. She has also been active in the group's corporate social responsibility programs, with one of her projects involved the creation of a child-friendly public space in Jakarta.
Carmelita Hartoto is another woman making her mark in a male-dominated industry. The Surabaya native is chairwoman of the Indonesian National Shipowners' Association (INSA) and vice chairwoman of transportation at the Indonesian Chamber of Commerce and Industry (Kadin). She took over control of her family's shipping business, PT Andhika Group, after her father, Hartoto Hardikusumo, passed away in 1994. Carmelita obtained a post-graduate degree in finance from a British university. She has been active in advising President Joko "Jokowi" Widodo on his plans to improve the country's maritime logistics infrastructure.
Lily Widjaja is a talented woman working in the capital market. She was a commissioner of the Indonesian Stock Exchange (IDX) in the early 2000s and chairwoman of the Indonesia Securities Companies Association (APEI) between 2005 and 2014. She also worked for stock brokerage PT Merrill Lynch Indonesia and the Barito Pacific Group before starting her career in capital markets at Baring Securities Indonesia in 1991. She obtained a business degree, specializing in accounting, from Tamkang University in Taipei. She currently still plays an active role in the APEI.
Denise Tjokrosaputro is the eldest child of the late Handiman Tjokrosaputro and Liza Sindoro, the owners of Batik Keris, one of the country's largest producers of luxury batik. After working in the family's garment business, she decided to go her own way and set up publishing company, Milestone Pacific Group, which currently has dozens of publications, divided into the luxury, lifestyle and home, and design categories. Amid a changing landscape in the media industry, the group is currently working hard to redefine itself. Denise and her husband Julius Ruslan also own the hotel chain MaxOne, an advertising agency and modeling agency.
Harita Securities Christina Liem is a member of the family that controls the Harita Group, which has various business interests, including in natural resources, finance and property. The Lim family's interests in natural resources include nickel, coal and bauxite mining and palm oil plantations. The family also owns shipping and timber businesses. Christina is involved in PT Harita Kencana Securities, the group's capital-market arm, which she developed from a small brokerage into a business that has received Investor Magazine's Best Securities Company Award in the asset-management category. She is also active in Bumitama Agri, the family's oil plantation company, listed on the Singapore Stock Exchange (SGX).
Indira Tranggono is the youngest daughter of Retno Iswari Tranggono, founder and owner of Ristra Cosmetics. After graduating from the Diponegoro University medical school, she continued her studies at the University of Kent in Canterbury, where she obtained an M.B.A. Indira, popularly known as the cosmetologist Dr. Indi, is a director at House of Ristra. She is the only one of Retno's three children to have followed in their mother's footsteps. Indira has helped to develop Ristra into one of Indonesia's largest skin-care chains. Her sister Sasya, meanwhile, is a word-renowned artist, famous for her painting, "Endless Love." Ristra Cosmetics signed a deal in August last year, which saw publicly listed PT Kino Indonesia Tbk acquire an 80 percent stake in the company for Rp 80 billion ($5.4 million). However, Retno and Indira plan to maintain the high quality and reputation of their skin-care products, which continue to be in high demand.
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