Royke Tumilaar, second left, Bank Mandiri's new chief executive. (Antara Photo/Audy Alwi)

Royke Tumilaar Is Mandiri's New Chief Executive


DECEMBER 09, 2019

Jakarta. Bank Mandiri's extraordinary shareholders' meeting on Monday approved Royke Tumilaar as the lender's new president director, State-Owned Enterprises Minister Erick Thohir said. 

The minister, who represented the government's 60-percent stake in Indonesia's second-largest bank by assets at the meeting, confirmed the appointment to reporters this morning on the sidelines of an International Anti-Corruption Day event in Jakarta.  

"That's right, [the new Bank Mandiri president director] will be named later this afternoon," Erick said after being prodded. 

"It'll be Mr. Royke [Tumilaar]," he said. 

Royke, previously Mandiri's corporate banking director, replaced Kartika Wirjoatmodjo who was appointed by President Joko "Jokowi" Widodo last month as the deputy SOE minister

Royke is a veteran banker with more than 20 years of experience in Mandiri. Royke worked at Bank Dagang Negara (BDN) before the government merged it with three other lenders to establish Mandiri in 1999, during the aftermath of the Asian financial crisis.

He was promoted in 2007 to become a commercial sales regional head, a post he held until May 2010. He then held down the bank's Jakarta commercial sales group head post for a year before being appointed the managing director of its treasury, financial institutions and special assets management.

Erick has also appointed M. Chatib Basri, the former finance minister, to become the deputy chairman of Bank Mandiri. Chatib replaces Imam Apriyanto Putro.