Kuala Lumpur, 11 December 2014 – The Islamic Financial Services Board (IFSB) is pleased to announce that H.E. Agus D.W. Martowardojo, Governor, Bank Indonesia has been appointed as Chairman of the IFSB Council for the year 2015. H.E. Agus D.W. Martowardojo will take up the chairmanship of the international standard-setting organisation from H.E. Yusof Abd Rahman, Managing Director, Autoriti Monetari Brunei Darussalam.
The appointment will take effect on 1 January 2015. In light of this, the IFSB Annual Meetings 2015 will be held in Indonesia.
The 25th Meeting of the IFSB Council was chaired by H.E. Yusof Abd Rahman and attended by 15 governors and governors’ representatives from among the members of the Council, the President of the Islamic Development Bank and senior representatives of seven Full Members of the IFSB. The Meeting was hosted by Bank Negara Malaysia.
A brief profile of the new Chairman is as follows:
H.E. Agus D.W. Martowardojo was appointed as the Governor of Bank Indonesia on 24 May 2013 for a five-year term ending 2018. Prior to his appointment as the Governor, H.E. Martowardojo served as the Minister of Finance, the Republic of Indonesia, from May 2010 to April 2013. H.E. Martowardojo has spent most of his career in the banking industry prior to serving his nation as the Minister of Finance. He has held key positions in several leading banks in Indonesia as the President Director and CEO of Bank Mandiri (2005 to 2010), President Director of Bank Permata (2002-2005), advisor to the Chairman of the Indonesian Bank Restructuring Agency (2002), Managing Director of Bank Mandiri (1999-2002), President Director of P.T. Bank Ekspor Impor Indonesia (1998-1999), and President Director of Bank Bumiputera (1995-1998). He began his career in the industry at Bank Niaga (1986-1994) and Bank of America (1984-1986).
The Meeting is followed by the 10th Islamic Financial Stability Forum.
