Danantara Indonesia Announces Its Dream Team

Key Summary:
- Danantara has announced the full list of its professional team
- Initial market reaction is positive with a glimpse of optimism
- Execution & political risks remain, though takes time to assess
Today, the Indonesian sovereign wealth fund, Danantara, has announced the lineup of its dream team with high-profile list of members that are hoped to create professionalism and optimism for the financial markets and the country.
The Indonesian government also revealed that it has transferred all of its Series B shares in several SOEs, including Bank Tabungan Negara (BBTN), Waskita Karya (WSKT), Wijaya Karya (WIKA), Krakatau Steel (KRAS), and Jasa Marga (JSMR), to Danantara.