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Agus Martowardojo

Agus Dermawan Wintarto Martowardojo
Agus martowardojo.jpg
Governor of Bank Indonesia
Assumed office
May 23, 2013
President Susilo Bambang Yudhoyono
Joko Widodo
Preceded by Darmin Nasution
Finance Minister of Indonesia
In office
May 20, 2010 – April 19, 2013
President Susilo Bambang Yudhyono
Preceded by Sri Mulyani Indrawati
Succeeded by Chatib Basri
Personal details
Born (1956-01-24) January 24, 1956 (age 61)
Amsterdam, Netherlands
Nationality Indonesian
Alma mater Universitas Indonesia
Religion Islam

Agus Dermawan Wintarto Martowardojo is the current Governor of Bank Indonesia since May 23, 2013. Previously, he was Finance Minister of Indonesia, since 2010 until 2013 when succeeded former minister Sri Mulyani Indrawati, who resigned from the office and taking position as Managing Director of the World Bank Group.

Agus was born in Amsterdam, Netherlands, on January 24, 1956. After graduating from University of Indonesia's School of Economics, Jakarta, in 1984, he became an international loan officer at the Indonesian branch of Bank of America. Agus has a long career as one of top bankers in Indonesia. Previously he was Chief Executive Officer of Bank Mandiri, the largest bank in Indonesia, in 2005-2010. He was also former President Director of Bank Bumiputera in 1995-1998 and President Director of Bank Ekspor Impor Indonesia in 1998-1999.

His performance as head of Bank Mandiri was considered successful, as he slashed non-performing loans and raised the bank's profile among international investors. He also increased profits in the banks. In 2008 for example, the bank paid $418m in dividends to the stockholders. He was also instrumental in helping the Finance Ministry in recovering Rp 1.23 trillion (US$133.15 million) of state money from Tommy Soeharto, son of late former president Soeharto.

Following the resignation of Sri Mulyani Indrawati, Agus was appointed as Finance Minister in the Second United Indonesia Cabinet. His selection was greeted positively by analysts as he was considered to have the managerial skills to be finance minister. He also has wide international experience and has represented Indonesia in G20 forums.


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