Jun 25, 2011

Stephanus resigns from Danareksa

Director Stephanus Turangan has proposed his resignation from the state-controlled brokerage firm PT Danareksa (Persero) on June 13 as he will manage his own business with his partners.  
If the proposed resignation would be affirmed by Ministry of State-Owned Enterprise, Stephanus's resignation took into effect on July 13 2011, said a disclosure letter to Indonesia Stock Exchange last week. 
Post the resignation, Danareksa is still led by Edgar Ekaputra as President Director and two Directors Aloysius Kiik Ro and Heru D. Adhiningrat.
However, the State-Owned Enterprise Ministry hasn't yet approved the resignation. Born in 1965 in Bandung, Stephanus obtained his bachelor degree in Business Management from Case Western University, Cleveland-Ohio, USA and MBA in International Business Management from Baldwin Wallace University, Berea-Ohio, USA.
Prior to his appointment as a director at Danareksa, Stephanus served as Director of Institutional Clients Group in Deutsche Bank AG (2006-2009). 
He also served as Managing Director of Capital Market in PT Mandiri Sekuritas (2003-2006) and Director of Capital Market in PT Bahana Securities (2001-2003). He holds Broker-Dealer Representative and Investment Manager Representative licenses from Bapepam-LK (Capital Markets Supervisory Board).  He has been appointed as director of Danareksa (Persero) since August 2009.

Disclosure: No position at the stock mentioned above.  


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