Ito Warsito named new IDX CEO

Ito Warsito, investment banker at state-owned Bahana Securities, has been elected as the new CEO of Indonesia Stock Exchange (IDX) replacing Erry Firmansyah, Detik.com reported.

Ito won the race over I Made Rugeh Ramia, CEO of Panin Sekuritas. Ito won 79 votes, while Rugeh only 36. Other members of the board of directors are: Wan Wei Yiong (trading and membership director), Frederica Widyasari Dewi (business development), Uriep Budhi Prasetyo (regulation and supervision, former director of PT Dhanawibawa Artha Cemerlang), Eddy Sugito (company assessment), Adikin Basirun (IT, former CEO of PT Pacific Dua Ribu Investindo), and Supandi (human resources).

Who is Ito? He graduated with MBA from Harvard Business School in 1994. He earned bachelor degree in accounting from State Accounting College (STAN) and joined Danareksa Sekuritas, state-owned investment bank, in 1994. He was investment banking director at the company before jumped ship to Bahana in 2001. 

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