October 2008
Wirjawan aims to clean up in Indonesian private equity
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.
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"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, JPMorgans 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 Jakartas business hornets nest, Wirjawan is a true believer in what Indonesia can be.
Where Obamas platform is politics, Wirjawans is business. He toyed with a political career a few years ago but his bumping up against Indonesias rancid political culture left him a little bruised...
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