Thursday, January 21, 2010

Permata appoints 3 new directors

Shareholders of Bank Permata approved the nomination of Chisca Mirawati, Timothy Utama, and Sunil Metha as new directors for the bank. They will be effective directors after getting approval from Bank Indonesia. They are all former executives of Standard Chartered Bank, controlling shareholder of Bank Permata (BNLI).
Chisca will become the new director for compliance at Permata. She held the same position at Standard Chartered Indonesia. Chisca joined Stanchart in May 2006 as assistant vice president legal and compliance and assigned as compliance director in September 2006. She had an extensive experience in legal and compliance area during her tenure in state bank BNI in the period of 1994-2006. Graduated from Padjajaran University as bachelor of law, Chisca obtained MBA in banking and finance from Maastricht School of Management, Netherlands.
Meanwhile, Timothy Utama is nominated as director for technology and operations. Timothy has over 20 years of global experience, working in senior positions in Indonesia, Singapore, Australia, and India.
Timothy rejoined Standard Chartered Bank in May 2008 after spending three and half years with ANZ Group Office in Melbourne as head of trade sales.
Sunil Metha, meanwhile, has over 30 years experience in risk management, operations, and relationship management at Standard Chartered Bank. He will be director for business development at Permata.
Bank Permata reported total asset of Rp56.8 trillion as of Sept 30, 2009 or about US$6.1 billion. The bank has market capitalization of Rp16.3 trillion or about US$1.76 billion. But the stock is rarely traded. Permata reported net profit of Rp495 billion in Jan-Sep 2009, increased 29.2% from the same period of 2008.  

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