Ridha Wirakusumah, who was named the chief executive of Indonesia's new sovereign wealth fund, during the unveiling of the fund’s management team on Tuesday. Photo: Reuters Ridha Wirakusumah, who was named the chief executive of Indonesia's new sovereign wealth fund, during the unveiling of the fund’s management team on Tuesday. Photo: Reuters
Ridha Wirakusumah, who was named the chief executive of Indonesia's new sovereign wealth fund, during the unveiling of the fund’s management team on Tuesday. Photo: Reuters
Richard Borsuk
Opinion

Opinion

Richard Borsuk

For Indonesia’s sovereign wealth fund, Widodo’s choice of managers supplies needed credibility

  • Ridha Wirakusumah, who was named as head of the Indonesia Investment Authority, gets high marks for his integrity and experience
  • In the wake of Malaysia’s 1MDB scandal, Indonesian government knew it needed ‘top-of-the-line professional management’ for fund, economist says

Ridha Wirakusumah, who was named the chief executive of Indonesia's new sovereign wealth fund, during the unveiling of the fund’s management team on Tuesday. Photo: Reuters Ridha Wirakusumah, who was named the chief executive of Indonesia's new sovereign wealth fund, during the unveiling of the fund’s management team on Tuesday. Photo: Reuters
Ridha Wirakusumah, who was named the chief executive of Indonesia's new sovereign wealth fund, during the unveiling of the fund’s management team on Tuesday. Photo: Reuters
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Richard Borsuk

Richard Borsuk

Richard Borsuk has worked as a reporter and news editor in Southeast Asia for more than 40 years, including 11 years in Jakarta (1987-98) as The Wall Street Journal’s Indonesia correspondent. He co-authored a book on Indonesian history, “Liem Sioe Liong’s Salim Group: The Business Pillar of Suharto’s Indonesia”, published in 2014. Borsuk currently works with Researching Southeast Asia Pte Ltd, a Singapore consultancy.