News

JAKARTA – PT Bank Permata Tbk. (“PermataBank”) plans to further strengthen its future growth through the appointment of new members of the Board of Commissioners and Board of Directors, a move reflecting the Bank’s commitment to maintain sustainable growth and to continue accelerating its transformation towards becoming a world class local bank.

In an Extraordinary General Meeting of Shareholders in Jakarta today, on 12 August 2009, PermataBank’s shareholders appointed a seasoned banker with extensive global experience to join the Board of Directors and a senior Consumer Banking professional to join the Board of Commissioners.

 

The shareholders also approved the resignation of Stewart D. Hall, who after serving PermataBank for four and a half years as President Director, will take on a new challenge and hand over the Bank’s leadership to his successor.

 

Ray Ferguson, PermataBank’s President Commissioner declared: “On behalf of the Bank’s shareholders and Board of Commissioners, I would like to express our sincerest appreciation to Stewart Hall for his tremendous contribution, dedication and leadership during his time with PermataBank. Under Stewart’s leadership, the Bank has made significant progress and his efforts have been instrumental in the transformation of PermataBank. He leaves the Bank well-positioned, in great shape and his hard work will continue to be reflected in PermataBank’s growth going forward.”

 

Meanwhile, Stewart D. Hall remarked: “It has been a great honor to have led this wonderful organization and I am tremendously proud of the progress we have made at Permata. We have laid very strong foundations and the Bank has good underlying momentum. As I move on to face new challenges, I am confident that Permata is well-positioned for continued sustainable growth and will deliver unrivaled value to its stakeholders.”

 

David Martin Fletcher, a seasoned banker with in-depth global experience gained at Standard Chartered Bank has been appointed to succeed Stewart Hall as President Director of the Bank. David Fletcher is a senior banker with vast experience in the areas of audit, risk, and general management, and has extensive experience in working in Asia gained through his international postings in China, Hong Kong, Singapore and Bangladesh.

 

On the appointment of David Fletcher as the new President Director, Ray Ferguson commented: “David’s global experience will further strengthen and enhance PermataBank’s opportunity to embrace the best banking practices in the world. As a seasoned banker with global expertise gained from twenty four years of experience in various places in Europe, Asia and Africa, David will bring added value for PermataBank and further strengthen its presence in Indonesia.”

 

Further appointments approved by the shareholders in the meeting included the nomination of Vice President Director and Director of Compliance.

 

M. Herwidayatmo, currently Director of Legal & Compliance, was appointed as Vice President Director. Herwidayatmo with his extensive experience in the Indonesian regulatory, state and commercial sectors will provide invaluable support to the President Director in the leadership of the Bank.

 

With this, Joseph Georgino Godong, currently Director of Technology and Operations, was appointed as Director of Compliance. With his deep understanding and knowledge of the Bank as well as previous experience in the field, Georgiono Godong is a well suited candidate to succeed Herwidayatmo in what is an increasingly important role in a complex regulatory environment.

The Extraordinary General Meeting of Shareholders also approved the resignation of Peter B. Stock as PermataBank’s Independent Commissioner after his recent appointment as President Commissioner of a state-owned bank, and has nominated Ajay Chamanlal Kanwal as a new member of the Board of Commissioners. Ajay Kanwal has been with Standard Chartered Bank since 1992, when he joined the bank in India. Since then he held various positions with the Bank, including postings in Thailand and the Philippines. He has extensive experience in Retail Banking, including his current position as Regional Head of Consumer Banking, South East Asia, Standard Chartered Bank.

 

In addition, the Extraordinary General Meeting of Shareholders also approved the appointment of David Allen Worth as Independent Commissioner. David Worth had previously served as Commissioner of PermataBank.

 

All of the appointments are subject to approval by Bank Indonesia and will become effective thereafter.

 

“These leadership changes in PermataBank’s Board of Directors and Commissioners further underline the shareholders’ support of PermataBank and the Bank’s commitment to continue providing superior financial services to its customers in the commercial and consumer segments in Indonesia”, Ray Ferguson added.

 

Through the strategic combination and synergy of its two strong shareholders, PT Astra International Tbk., a major Indonesian company with a strong foundation in the local market, and Standard Chartered Bank with its global expertise and experience, PermataBank is well equipped to receive the best of both worlds and to further leverage its core strengths - its extensive branch network, comprehensive delivery channels and service excellence.

 

The new composition of the Board of Commissioners and the Board of Directors as approved by the Extraordinary General Meeting of Shareholders is as follows:

 

 

1. President Commissioners: Raymond John Ferguson
2. Vice President Commissioner: Gunawan Geniusahardja
3. Independent Commissioner: Dr. Lukita D. Tuwo
4. Independent Commissioner: Inget Sembiring
5. Independent Commissioner: I. Supomo
6. Independent Commissioner: David Allen Worth*
7. Commissioner: Ajay Chamanlal Kanwal *
8. Commissioner: Mark Spencer Greenberg

 

 

1. President Director: David Martin Fletcher *
2. Vice President Director: Herwidayatmo*
3. Director of Compliance: J. Georgino Godong*
4. Director: Giridhar S. Varadachari
5. Director: Guy Roland Isherwood
6. Director: Lauren Sulistiawati
7. Director: Honggo Widjojo Kangmasto
8. Director: Indri Koesindrijastoeti H

 

*: Appointments subject to Bank Indonesia’s approval (Fit and Proper Test), will be made effective immediately thereafter.

 

 

PT Bank Permata Tbk (PermataBank) was established in 2002 as a result of a merger of five banks, i.e. PT. Bank Bali Tbk, PT. Bank Universal Tbk, PT. Bank Arta Media, PT. Bank Patriot, and PT. Bank Prima Ekspres. Over time, the Bank has developed into a major commercial bank which offers a wide range of innovative products and services, which are supported by comprehensive delivery channel that includes Internet Banking and Mobile Banking. PermataBank operates with the aspiration to be the best financial services provider in Indonesia by focusing on consumer and commercial segments. In serving its 1.9 million customers spread in 55 Indonesian cities, PermataBank employs 5,000 employees and operates 267 conventional branches, 10 sharia branches, and 549 ATMs, with additional accesses of more than 17,000 ATMs (VisaPlus, Visa Electron, MasterCard, Alto, ATM Bersama, ATM BCA).

The latest recognitions on PermataBank’s achievements include Islamic Finance Award & CUP 2009 (IFAC 2009) of the top rank in sharia unit with assets ≥ Rp 1 trillion and the top rank of the most profitable of assets ≥ Rp 1 trillion from Karim Business Consulting, Banking Service Excellence Awards 2009 (10 awards for conventional banking and 7 awards for sharia banking) from MRI & InfoBank, MURI award for being the first to make simultaneous saving activity for students under 17 years of age in 12 cities from MURI, Corporate Governance Award for the category of the Best Equitable Treatment of Shareholders presented by Business Review, Asosiasi Emiten Indonesia (Indonesian Equity Issuers Association), and IICD, the second position in the Best CEO in Asia Best Managed Companies, and the top eight in the Best Corporate Governance in Asia Best Managed Companies of Finance Asia Magazine, The Prestigious Service Quality Diamond Award 2009 organized by Carre - Center for Service Satisfaction & Loyalty (CCSL) & Marketing Magazine, the Most Prestigious Carre' in CCSL's Annual Call Center Award 2009 for four consecutive years, Banking Efficiency Award 2009 organized by Bisnis Indonesia, the top three of Annual Report Award 2008, the top five in Islamic Finance Award 2008, the top three in the banking industry and the Best SMS Banking in E-Company Award 2008 by Warta Ekonomi publication and the top three in Tax Award for the category of favorite place for tax payment of 2008 by the Directorate of Taxes. More information about PermataBank is presented in its website http://www.permatabank.com.