Jan 21, 2011

Nurhaida named as Bapepam-LK Head

Indonesia’s Finance of Ministry appointed Nurhaida to temporarily replace Ahmad Fuad Rahmany as Head of Capital Market and Financial Institution Supervisory Agency (Bapepam-LK) after Fuad was named as the new Director General of Taxation.
During the inauguration ceremony that has just taken place, Minister of Finance, Agus Martowardojo did not state who will replace Fuad. However, after the ceremony, Agus said to the media that Nurhaida will replace Fuad.
“Besides being appointed as the Expert Staff on Financial Services Policy, Regulation and Capital Market, Nurhaida will serve as the acting Head of Bapepam-LK,” he said after the inaugural ceremony this afternoon.
Nurhaida was appointed as the echelon-I along with assignment of 10 other echelon-I officials and 15 echelon-II officers of Finance Ministry.
Prior to his, Nurhaida served as the Head of Transaction and Securities Agency Bureau at Bapepam-LK. Several internal officers that once involved in the selection process as Fuad’s substitution included Bapepam-LK’s secretary, Ngalim Sawega, Head of Insurance Bureau Bapepam-LK, Isa Rachmatarwata, and the Head Investment Management Bureau of Bapepam-LK, Djoko Hendratto. 

Disclosure: No position at the stock mentioned above.

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