Stanley Atmadja Has Completed His Assignment
Today, PT Adira Dinamika Multi Finance, Tbk. (“Adira Finance”), a subsidiary of PT Bank Danamon Indonesia, Tbk. (“Danamon”), announced the appointment of Willy Suwandi Dharma, former President Director of PT Asuransi Adira Dinamika (“Adira Insurance”), as the President Director of Adira Finance, in the company’s General Meeting of Shareholders. He succeeds Stanley Setia Atmadja, who has completed his assignment as Adira Finance President Director.
”Danamon management would like to express its sincere thanks and highest appreciation to Mr. Stanley Setia Atmadja for his extraordinary leadership, dedication and achievement in bringing success to Adira Finance,” said Henry Ho, Danamon President Director.
”In addition, Danamon is delighted to welcome Mr. Willy Suwandi Dharma as Adira Finance President Director. We are confident that he will continue to bring great success to Adira Finance as a prominent financing company,” added Henry Ho.
Adira Finance will continue to focus on the two-wheelers and four-wheelers financing in line with the stable growth of the Indonesian automotive industry. Adira Finance will also continue to extend its financing services, maintain strong and close relationship with its dealers and customers through various events, while internally apply prudent risk management to accompany its expansion.
Moreover, Marwoto Soebiakno, who was formerly the Marketing Director of Adira Finance, is appointed as Adira Finance Vice President Director. Following approval from Adira Finance’s shareholders, Adira Finance’s Board of Directors structure is as follows:
• Willy Suwandi Dharma President Director
• Marwoto Soebiakno Vice President Director
• Hafid Hadeli Director
• Ho Lioeng Min Director
• I Dewa Made Susila Director
Willy Suwandi Dharma’s Profile
Indonesian citizen, Willy Suwandi Dharma is born in 1956. He has served as the President Director of PT Asuransi Adira Dinamika (Adira Insurance) since 2003. Prior to working for Adira Insurance, he was the President Director of KPMG Siddharta Consulting Company (1999-2002), President Director of PT Asuransi Astra Buana (1993-1999) and held various executive positions in other Astra Companies (1982-1991). He is currently an active member of the Indonesian General Insurance Association (Asosiasi Asuransi Umum Indonesia-AAUI).
PT Bank Danamon Indonesia Tbk. was established in 1956 and as of March 31, 2012 operates over 3,100 branches and points of sales, including its Danamon Simpan Pinjam (DSP) and Syariah units as well as its subsidiaries branches. As of March 31, 2012 Danamon provides its customers with access to over 30,000 ATMs, including through its association with ATM Bersama and ALTO, in all 33 provinces in Indonesia.
Danamon was recently awarded as Indonesian Bank Loyalty Champion 2012 from Infobank and Markplus Insight in the conventional bank with more than Rp 75 trillion in assets category. Danamon also received Indonesia Brand Champion 2012 and Indonesia Service to Care Champion 2012 awards from Marketers and Markplus Insight in the conventional bank with more than Rp75 trillion in assets category. Last year, Danamon placed third in the 2011 Annual Report Award (ARA) for the listed financial institution category.
From international institutions, Danamon received “Gold Award 2011” under category of Best Core Banking System Initiative, in the Asian Banking & Finance Banking Retail Awards 2011, hosted by Asian Banking & Finance Magazine (ABF).
Danamon is the sole issuer and acquirer of American Express® cards in Indonesia under an independent operator agreement which allows it to issue American Express cards to individual and corporate clients. Danamon is also the only bank which provides services to local merchants who accept American Express Cards and for signing up new merchant partners in Indonesia. Danamon is also the sole license holder of Manchester United cards in Indonesia, allowing the Bank to issue Manchester United ATM/Debit cards and credit cards.
PT Adira Dinamika Multi Finance Tbk (Adira), the automotive financing subsidiary of Danamon, operates an extensive branch network in more than 260 cities in Indonesia.
As of March 31, 2012, Danamon was 67.37% owned by Asia Financial (Indonesia) Pte. Ltd. and 32.63% by the public. On April 2, 2012, Danamon has been informed by Fullerton Financial Holdings Pte. Ltd., that it has entered into a share purchase agreement with DBS Group Holdings to sell its interest in the whole of the issued share capital of Asia Financial (Indonesia) Pte. Ltd. to DBS. The transaction is subject to the approvals, among others, of DBS shareholders and regulators in Singapore and Indonesia, including Bank Indonesia.