PT Bank Danamon Indonesia Tbk plans to change its President Director and President Commissioner

Press Release / 02 March 2023

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Jakarta, 2 March 2023 – PT Bank Danamon Indonesia Tbk ('the Company') announces the plan to change its President Director and President Commissioner. This plan will be proposed for Shareholders’ approval at the Company's Annual General Meeting of Shareholders (AGMS), which will be held on 31 March 2023. 

Given that the office term of Yasushi Itagaki as President Director and Kenichi Yamato as President Commissioner will come to an end, the Company will propose to the AGMS to appoint Daisuke Ejima as the President Director of the Company and Yasushi Itagaki as the President Commissioner of the Company.

Daisuke Ejima’s Profile

Daisuke Ejima currently serve as the Regional Executive for MUFG Bank in the Asia Pacific region who is responsible for MUFG’s businesses and operating platforms across 18 markets in the region out of Singapore. 

Prior to this appointment, he was the Country Head of Indonesia for MUFG Jakarta Branch, a role he assumed in January 2018. Under his stewardship, MUFG was able to raise its profile as one of the largest foreign banks in Indonesia while deepening business performance and operational resilience. Before relocating to Indonesia, he was a Deputy General Manager of Corporate Banking Division for Asia & Oceania since March 2015. Based in Singapore, he was responsible for the promotion of the bank’s corporate banking business with global and regional clients in Southeast Asia and Oceania region.  

Ejima is an experienced corporate banker who has held roles in both Global and Japanese. After honing his expertise in the Japanese Corporate Banking Group of The Bank of Tokyo Mitsubishi’s New York Branch in the early 2000s, He moved to the U.S. Corporate Banking Group, where he continued to be based in New York. Before Ejima began his assignment in Singapore in March 2015, he was the Head of Global HR Office at the bank’s headquarters in Tokyo from 2013.

Ejima began his banking career in 1991 with The Mitsubishi Bank, Ltd. He was Manager of the Industry Research Department within the Research Division at The Bank of Tokyo-Mitsubishi, Ltd. Ejima graduated with a Bachelor’s degree in Economics from the University of Tokyo and completed his MBA at the University of Michigan’s Ross School of Business, USA.

Yasushi Itagaki’s Profile

Itagaki joined Danamon as Director on March 2018 and later appointed as President Director in the Extraordinary General Meeting of Shareholders on 1 October 2019. Reappointed as President Director in the Annual General Meeting of shareholders on 23 March 2020. Currently Itagaki also serves as President Commissioner of PT Adira Dinamika Multi Finance, Tbk.

Prior to joining Danamon Itagaki served as the Managing Executive Officer and Deputy Chief Executive of the Global Commercial Banking Business Unit of MUFG Bank and Executive Officer of MUFG. Prior to his position above, Itagaki was the General Manager of the Global Planning Division where amongst his many roles; he was responsible for strategic planning in support of the Bank’s global expansion.  

Over the course of his career with MUFG, Itagaki has held a number of important roles with increasing levels of responsibility. Itagaki was based in Singapore from 2013 to 2015 where he set up the Bank’s regional headquarters for Asia & Oceania and assisted the Regional CEO in developing and executing key strategic initiatives for the region.

Among the many important contributions of Itagaki to the development of MUFG’s business platform, he designed grand picture and strategized ASEAN commercial banking network. Throughout his career at MUFG, Itagaki has played a significant role in the strategic partnership into Krungsri, Security Bank, VietinBank, and Danamon in ASEAN region. Other leadership positions held by Itagaki included Chief Manager of the Global Planning Division of MUFG Bank, where he was involved in the privatization of Union Bank of California and led the execution process of MUFG’s strategic investment in Morgan Stanley during the global financial crisis. Itagaki began his career with the Bank of Tokyo in 1987. Itagaki graduated with a Bachelor of Laws degree from Kyoto University in 1987.

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