Indonesia-based venture capital firm East Ventures and global technology company Mastercard have announced new key appointments. Meanwhile, former Mandiri Capital Indonesia CEO has confirmed his new role at the corporate venture capital arm of Indonesian state-lender Bank Negara Indonesia.
East Ventures promotes Sugiarto as partner
East Ventures, the sector-agnostic Southeast Asian venture capital firm, has promoted Avina Sugiarto as a partner to oversee the seed and growth team at the company, according to an announcement on Monday.
In her new role, Sugiarto will support East Ventures’ portfolios and founders while keeping the VC’s commitment to having impactful initiatives.
Sugiarto joined East Ventures in January this year as a venture partner, bringing her 12 years of experience investing across alternative assets. Prior to joining East Ventures, she was a senior vice-president at Indies Capital Partners, where she was responsible for deal sourcing, analysis, execution and fundraising.
Mastercard names ex-LinkAja CEO as VP in Indonesia
Mastercard, a global technology company, has named Wibawa Prasetyawan as vice-president and the head of account manager for financial institutions in Indonesia in a bid to streamline the company with the government’s financial inclusion goals, as per an announcement on Monday.
Iwan, as Prasetyawan prefers to be called, will focus on supporting Mastercard’s growth in Indonesia. In his new role, he is tasked to further drive collaborations with bank partners, merchants, fintechs and government bodies.
Prior to joining Mastercard, Iwan was the chief marketing officer and acting CEO at PT Fintek Karya Nusantara (Finarya), whose flagship product is LinkAja.
Ex-Mandiri Capital CEO confirms new role at BNI’s VC
Former Mandiri Capital Indonesia (MCI) CEO Eddi Danusaputro has confirmed his appointment to lead BNI Modal Ventura, the corporate venture capital arm of state lender Bank Negara Indonesia (BNI), according to his LinkedIn post on Monday.
Danusaputro also confirmed his appointment to DealStreetAsia and said he is currently going through a fit and proper test with Indonesia’s Financial Services Authority.
Danusaputro stepped down after serving two terms at MCI since its launch in early 2016. Prior to his MCI days, when he secured some notable deals, Danusaputro had spent more than eight years at Makara Capital in Singapore as managing director.