October 2008

Wirjawan aims to clean up in Indonesian private equity

by Eric Ellis

Having brushed with Indonesian politics, Gita Wirjawan knows how dirty it can be. Business development has more to offer his country, he reckons, hence his Indonesia-centric private equity business Ancora, which is attracting investors from the wider Muslim world. Eric Ellis reports.


"I like being on the buy side, I like making money, and making a difference"

Gita Wirjawan

GITA WIRJAWAN MIGHT well be the Barack Obama of corporate Indonesia.

Bright, polished, accessible and youthful, JPMorgan’s former country head in Jakarta even looks a little like the US Democratic nominee for the White House. Like Obama, who happened to be schooled in Jakarta as a youth, Wirjawan preaches fundamental root-and-branch change to how his country runs and presents itself. Although he has spent much of his life outside Indonesia, Wirjawan is no less Indonesian for the experience. A rare cleanskin in Jakarta’s business hornet’s nest, Wirjawan is a true believer in what Indonesia can be.

Where Obama’s platform is politics, Wirjawan’s is business. He toyed with a political career a few years ago but his bumping up against Indonesia’s rancid political culture left him a little bruised...


The rest of this article is available to subscribers only

Please Subscribe or take a Free Trial below.
Already a subscriber? Log in here.