Shareholders of state-owned Bank Negara Indonesia (BNI) have appointed Royke Tumilaar, president director of state-owned Bank Mandiri, to lead the bank.
He will replace Herry Sidharta, who served as BNI’s president director for only seven months from February.
“I hope with this appointment, the new BNI board of directors can fulfill shareholders’ expectations to improve BNI in the future,” Royke said during a virtual press briefing on Wednesday.
He also expressed his hope that Royke would help BNI provide more funding to infrastructure projects and reach its target to become the bank with the best international business in the country.
Shareholders also appointed other former Bank Mandiri management figures to lead BNI along with its new president director.
Bank Mandiri’s former finance director, Silvano Rumantir, was appointed BNI’s corporate banking director.
Meanwhile, former wholesale risk senior executive vice president David Pirzada and former small and medium enterprises (SME) banking senior executive vice president Muhammad Iqbal, who was also former strategy and performance senior vice president, were appointed risk management director, SME business director and finance director, respectively.
Royke said his and Silvano’s appointment could hopefully strengthen BNI’s corporate banking business as it shared a similar portfolio with Bank Mandiri.
“Both BNI and Bank Mandiri are focused on corporate clients and infrastructure funding, so hopefully, this appointment can help us provide more funding to the country’s infrastructure projects,” he said.
Following the appointment, Bank Mandiri vice president director Hery Gunardi will assume the role of interim president director until the shareholders appoint new leaders for the bank in the next extraordinary general shareholders’ meeting, which would be held in October at the latest.