Rosan Roeslani

Last updated
His Excellency, Sir
Rosan Roeslani
OBE MBE
Rosan Roeslani (cropped).jpg
Official portrait, 2022
1st Minister of Investment and Downstream Policy
Incumbent
Assumed office
21 October 2024

Rosan Perkasa Roeslani (born 31 December 1968) is an Indonesian politician, diplomat and businessman. He served as Minister for Investment from August to October 2024. [1] He was formerly the Indonesian Ambassador to the United States from 2021 until 2023, [2] the former Deputy Minister of State-Owned Enterprises in 2023, and the former Chairperson of the Indonesian Chamber of Commerce and Industry from 2015 until 7 July 2021.

Contents

Business career

Early career

Together with his two friends, Sandiaga Uno and Elvin Ramli, Rosan started his business as financial advisors. The business that was started in 1996 was officially established into a company in 1997 under the name PT Republik Indonesia Funding, which is better known as Finance Indonesia. The entrepreneurial segment, which was scorned by a number of people, finally yielded sweet results. The economic crisis that has hit Indonesia since the end of '97 requires national companies to look for people who are able to revive the companies and businesses they manage. The crisis turned into a blessing for Rosan. Starting from a small office with an area of 70 square meters in Setiabudi area, Kuningan, South Jakarta, Finance Indonesia began to take the attention of large capital owners. [3]

Finance

In 2002, Indonesia Finance changed its name to Recapital. [4] From a small financial advisory firm, Recapital has become a large, reputable and competent company in terms of strategic cooperation, financial asset management and investors. "One time we were chatting, we could bring in investors to help unhealthy companies. Why don't we bring in investors for our company too?" said Rosan. This idea sparked the idea to expand the line of business. With finance and banking as the leading sectors, Recapital's business is growing by entering other sectors in the industrial sector where mining, infrastructure, property, to media and communications are included. In the financial sector, Recapital is present through Recapital Securities, Recapital Asset Management, Global Sarana Lintas Artha, Recapital Life Insurance (Relife), Recapital General Insurance (Reguard), and Bank Pundi. [5]

Infrastructure

In the infrastructure sector, Rosan's company is one of the leaders in Indonesia through the Acuatico Group in the supply and distribution of clean water. [6]

Media

In the field of Media and Telecommunications, Recapital is present through Alberta Media. [7]

Mining

In the mining sector, the name Recapital emerged as one of the shareholders of Bumi Plc. One of its subsidiaries is Berau Coal Energy. However Asia Resource Minerals (formerly Bumi plc), which was at the center of a prolonged media war between its disputing shareholders, [8] [9] [10] [11] [12] [13] was dissolved in 2017. [14]

Sports

He is one of three Indonesians who bought the Italian football club Inter Milan in 2015. [15]

Advocacy career

Chamber of Commerce (KADIN)

As he grew older and became more influential, Rosan was elected to the board of the Indonesian Chamber of Commerce and Industry (KADIN) for the 2010-2015 period. According to his field of expertise, Rosan was entrusted as Deputy General Chair of Banking and Finance. One of Rosan's real and aspirational works in carrying out this position is the establishment of PT Palapa Nusantara Berdikari. This company aims to help financing potential SMEs throughout the archipelago through capital. [16]

On November 24, 2015, he was elected as Chairman of Kadin for the period 2015 - 2020. He won 102 votes, beating another candidate for chairman, Rahmat Gobel, who only got 27 votes at the VII Kadin National Conference at the Trans Luxury Hotel, Bandung, West Java. The total votes collected reached 129 votes, consisting of 33 regional Chamber of Commerce and Industry (Kadin) in which each province had 3 voting rights and 30 associations, each of which had 1 vote. [17]

Honours

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References

  1. ↑ "Jokowi reshuffles cabinet weeks before leaving office - Politics". The Jakarta Post. Retrieved 2024-08-19.
  2. ↑ "The Ambassador – Embassy of the Republic of Indonesia | Washington D.C." Retrieved 2022-09-28.
  3. ↑ "Jokowi carries out reshuffle close to his end of term, appoints Rosan Roeslani as deputy minister of state-owned enterprises". Indonesia Business Post. 18 July 2023. Retrieved 23 September 2023.
  4. ↑ "Google Maps". Google Maps (in Indonesian). Retrieved 2022-09-28.
  5. ↑ "Bank Pundi finds solace in Banten administration". The Jakata Post. 13 July 2016. Retrieved 23 September 2023.
  6. ↑ "Recapital - Infrastructure". 2015-10-06. Archived from the original on 2015-10-06. Retrieved 2022-09-28.
  7. ↑ "Indonesian Companies". The Company File. Retrieved 23 September 2023.
  8. ↑ "Rosan Roeslani emerges as surprise buyer of Inter Milan". The Telegraph (UK). 15 October 2013. Retrieved 6 June 2015.
  9. ↑ "Former Bumi owner wins legal battle to recoup £110m from ex-director". The Guardian. 31 December 2014. Retrieved 28 April 2024.
  10. ↑ "Breakthrough in pursuit of former Bumi director's assets". The Telegraph. 4 March 2014. Retrieved 28 April 2024.
  11. ↑ "Nat Rothschild sells Asia Resource Minerals stake". Financial Times. 8 June 2015. Retrieved 28 April 2024.
  12. ↑ "Bumi Says Roeslani Claims He Doesn't Owe Company Funds". Bloomberg. 4 December 2013. Retrieved 28 April 2024.
  13. ↑ "With founder on hook for $173M, private equity company plans media asset sale". Nikkei Asian Review. 11 February 2015. Retrieved 28 April 2024.
  14. ↑ "Asia Resource Minerals Limited". Companies House. Retrieved 3 May 2024.
  15. ↑ "Ini Dia Profil Trio Pengusaha Indonesia Pemilik Baru Inter Milan - Super Ball". 2015-10-05. Archived from the original on 2015-10-05. Retrieved 2022-09-28.
  16. ↑ "Indonesia's KADIN injects funds in sustainable cocoa production by SMEs". Deal Street Asia. Retrieved 23 September 2023.
  17. ↑ Idris, Muhammad. "Ungguli Gobel, Rosan Roeslani Terpilih Jadi Ketum Kadin 2015-2020". detikfinance (in Indonesian). Retrieved 2022-09-28.
  18. ↑ Industry.co.id (2017-09-14). "Ketum Kadin Terima Penghargaan Bintang Jasa Dari Pemerintah Belgia". Industry.co.id (in Indonesian). Retrieved 2024-02-14.
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