ADFIAP International CEO Forum VXII

ADFIAP International
CEO Forum XVII

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THE HOST

PT Sarana Multi Infrastruktur (Persero)

Message from the Host

Dear Esteemed ADFIAP Members and Partners,

It is with great honour that PT Sarana Multi Infrastruktur (Persero) (“PT SMI”) extends a warm invitation to all members of the Association of Development Financing Institutions in Asia and the Pacific (ADFIAP) to join us as we host the ADFIAP International CEO Forum XVII in Bali, Indonesia, from November 6 to 8, 2024.

Under the theme “Building a Sustainable Future: The Crucial Role of DFIs in a Low Carbon Development Agenda”, this forum will serve as a platform for high-level discussions, knowledge sharing, and collaboration among key industry stakeholders. We are excited to welcome you to the vibrant island of Bali, known for its natural beauty and rich cultural heritage, as we come together to explore ways in which Development Finance Institutions (DFIs) can lead the charge towards a more sustainable, inclusive, and environmentally responsible future.

As the accelerator for sustainable infrastructure development in Indonesia, PT SMI is honoured to host this prestigious event, and we are committed to ensuring that the ADFIAP International CEO Forum XVII provides a valuable and enriching experience for all participants. Through engaging sessions, expert speakers, and networking opportunities, we aim to inspire innovative thinking and foster meaningful connections that will drive positive change within financial development industry for the global advancement.

We, PT SMI, look forward to welcoming you to Bali for what promises to be a memorable and impactful ADFIAP International CEO Forum XVII. Together, let us build a sustainable future for generations to come.

Warm regards,

  • Mr. Reynaldi Hermansjah
  • President Director
  • PT Sarana Multi Infrastruktur (Persero)

For further information please contact:

Ramona Harimurti
Head of Corporate Secretary

PT Sarana Multi Infrastruktur (Persero)
Tel: +6221 8082 5288
Fax: +6221 8082 5258
Email: corsec@ptsmi.co.id
www.ptsmi.co.id

PTSMI at a Glance

PT Sarana Multi Infrastruktur (Persero)

PT Sarana Multi Infrastruktur (Persero) (“PT SMI”} was established on February 26, 2009 as a State-Owned Enterprise under the coordination of the Ministry of Finance as a Non-Bank Financial Institution, with a role and mandate to act as a catalyst for the acceleration of infrastructure development.

PT SMI has various functions and unique products/features to support the acceleration of infrastructure development which not only functions as an infrastructure financing but also as an enabler through the implementation of a Public Private Partnership (PPP) scheme, which includes various financial institutions, both private and multilateral. PT SMI actively supports the PPP implementation and encourages the acceleration of infrasrtucture development in the regions through regional loan products.

PT SMI has three business pillars, namely (1) Commercial Financing, (2) Public Financing, and (3) Advisory and Project Development.

Learn more about

Address

Sahid Sudirman Center, 47-48 Floor Jl. Jenderal Sudirman No. 86 Jakarta 10220, Indonesia

Session 4 – Ensuring Universal Water Access and Sanitation: Strategies for Sustainable

  • Mr. Roni Abdulwahab
  • Group Chief Executive Officer
  • Bank Pembangunan Malaysia Berhad (Malaysian Development Bank)

Roni Abdulwahab has over 25 years of experience and held senior leadership roles in banking, investment management and corporate sectors covering business, operational & risk management, strategic planning, mergers& acquisitions, restructuring and capital raisings.

He is currently the Group Chief Executive Officer of Bank Pembangunan Malaysia Berhad (Malaysian Development Bank). He is also a member of Strategic Finance Committee at Lembaga Pembiayaan Perumahan Sector Awam (LPPSA), Malaysia (Public Sector Home Financing Board, Malaysian).

Prior to his appointment as the GCEO, he was an Independent Non-Executive Director of Maybank Asset Management Group Berhad. He also served as a member of Risk Management Committee, Chairman of Maybank Islamic Asset Management Sdn. Bhd. and Chairman of Investment Committee. His previous appointment was as Executive Director, Investments at Khazanah Nasional Berhad. Before that, he was in the banking industry as Managing Director and Country Head of Global Banking, HSBC Bank Berhad Malaysia, overseeing corporate and investment banking as well as at Credit Suisse where he served as Head of Investment Banking Coverage for Malaysia. He started his banking career with Capstar Partners and J.P. Morgan in New York, USA.

Roni graduated from the Wharton School, University of Pennsylvania with concentrations in Actuarial Science and Corporate Finance

 

Session 4 – Ensuring Universal Water Access and Sanitation: Strategies for Sustainable

  • Mr. Saud A. Minam
  • Senior Private Sector Development Specialist
  • ADB Head Office/Manila
    former ADFIAP Chairman

Mr. Minam is Chief Executive Officer of the Fiji Development Bank. A highly accomplished professional with 30 years’ experience within the financial sector, he is a thoughtful leader and passionate knowledge sharer within the banking sector. He has grown with changes and technical advancements and is recognized for his ability to negotiate contracts and manage banking agreements with integrity and discretion.
He has extensive experience working with stakeholders to exceed client needs, assessing commercial needs, and acting as the conduit between operational practicalities and technical abilities. He enjoys working collaboratively, leading, and mentoring staff to ensure team effectiveness.

Session 4 – Ensuring Universal Water Access and Sanitation: Strategies for Sustainable

  • Ms. Luthfyana Kartika Larasati
  • Manager
  • Climate Policy Initiative (CPI) Jakarta

Luthfyana Kartika Larasati is a Manager at Climate Policy Initiative (CPI) Jakarta, specializing in financial modeling, investment, risk management, and sustainable business. She has managed key projects in energy efficiency and blended finance, with previous experience at Citigroup Securities Indonesia and Ernst & Young. Luthfyana holds dual master’s degrees in business management and accounting from Monash University and is a member of CPA Australia.

Session 4 – Ensuring Universal Water Access and Sanitation: Strategies for Sustainable

  • Mr. Robert Bastillo
  • Chief Executive Officer
  • Small Business Corporation/Philippines

Mr. Robert Bastillo assumed the post of President and Chief Executive Officer of the Small Business Corporation or SB Corp (formerly the Small Business Guarantee and Finance Corporation), an attached agency of the Department of Trade and Industry (DTI), in September 2022. Previous to that, he served as Vice President for the Innovation and Advocacy Group for the Corporation from September 2021 up to his appointment as President/CEO.

Prior to joining the SB Corp, Mr. Bastillo was one of the country’s established management experts, with more than 25 years of experience in management consultancy work in the business, government, non-government, grassroots and international development sectors in the Philippines and other countries.

As a consultant, Mr. Bastillo provided services in multiple competencies in a wide range of thematic areas. He assisted more than 170 local and international organizations, programs and companies in the past 25 years, mostly as leader of a consulting team or as the chief consultant.

Mr. Bastillo was an Associate Professor at the Asian Institute of Management from 1993 to 2000, where he was the Director of the Master in Development Management Program in 1995-1996. He obtained his Master in Business Management (MBA) degree from the same institute in 1988. He also spent more than 15 years as an entrepreneur/business executive. His last post as executive prior to joining SB Corp was as CEO and Chief Finance Officer of Negosyong Pinoy (Venture South) Finance Corp., a foreign owned financing company specialized in the ‘missing middle” – graduating microenterprises, small, growing businesses, and medium sized companies.

Mr. Bastillo graduated from the University of the Philippines at Los Banosin with a BS in Agricultural Economics, Cum Laude.

Session 4 – Ensuring Universal Water Access and Sanitation: Strategies for Sustainable

  • Mr. Rolando Victoria
  • Founder & President
  • ASKI Group of Companies/Philippines

Mr. Rolando B. Victoria is a certified public accountant. He is the Founder and President of ASKI Group with 10 different strategic business units.

A former commercial banker. He has been with ASKI for 35 years. The organization he established is now touching the lives of around 1 million Filipinos by transforming their lives and building sustainable communities in Central and Northern Philippines and in Singapore helping the overseas migrant workers by providing them financial education and basic entrepreneurship training.

As a pioneer in the microfinance industry in the Philippines, he was invited to sit in the Board of various organizations like the Microfinance Council of the Philippines (MCPI), Microinsurance MBA Association of the Philippines (MiMAP), RIMANSI Mutual Solutions Insurance Agency Inc. (RMSI); Alliance of Philippine Partners in Enterprise Development (APPEND), PinoyAko Micro Insurance Services, Inc., Microfinance Data Sharing System (MIDAS) Credit Bureau for Microfinance; and Banking with the Poor Network (BWTP), among others.

In 2018, he was invited to become one of the Advisory Council members of the Sustainable Standards and Certification Initiatives for Value Driven Financial Institutions initiated by the European Organization for Sustainable Development (EOSD) based in Karlsruhe, Germany.

On several occasions, he was invited to speak to trainings and conferences in the Philippines and abroad.

In 2017, he was recognized as one of the Global Filipino Executive of the Year during the Asia CEO Awards held in Manila. In November 2018 he was conferred as the “Association Board Member of the Year” by the Philippine Council of Associations and Association Executives (PCAAE) and one of the Sustainability Leaders of the Year by the EOSD.

In 2020, the Association of Development Financing Institutions in Asia and the Pacific or ADFIAP named him as the Outstanding CEO of the Year for his outstanding work in promoting and advancing the microfinance sector in the Philippines.

Session 3 – Sustainable Futures: The Role of Impact Investment in Building Resilient Infrastructure

  • Mr. Hussain bin Ali Al Lawati
  • Chief Executive Officer
  • Development Bank / Sultanate of Oman

Since March 2024, Hussein Ali Al-Lawati has been serving as the Chief Executive Officer of the Development Bank in Sultanate of Oman. He brings over 18 years of experience in the banking and financial sector, having held the position of CEO and senior management roles in large Financial Institutions. Hussain Al Lawati is Harvard Business School Graduate (Alumni) and Certified Expert in SME Finance, beside his academic and professional certifications. He is serving as Committee member in several Governmental Committees in Oman.

Opening Remarks

  • Mr. Faaris Pranawa
  • Director of Public Financing and Project Development
  • PT Sarana Multi Infrastruktur (Persero)

Faaris Pranawa is the Director of Public Financing and Project Development at PT Sarana Multi Infrastruktur (Persero), appointed in 2018. A law graduate from the University of Indonesia, he has extensive experience in law, governance, risk management, and public sector financing. Prior to this role, he served as the Risk Management Director and Head of Legal Division at PT SMI and held key positions at Indonesia Asset Management Company.

Thematic Session 1 - Equitable Energy Transition: Pathways to a Just and Sustainable Future

  • Mr. Pradana Murti
  • Director, Risk Management
  • PT Sarana Multi Infrastruktur (Persero)

Mr. Pradana Murti is the Director of Risk Management at PT Sarana Multi Infrastruktur (Persero), where he has held various leadership roles since 2009. Previously, he worked as a consultant at Steer Davies Gleave, UK, and briefly served as Interim Commercial Analysis Manager at Great North Eastern Railway. He holds a Master of Science in Transport Planning from the University of Leeds and a Bachelor’s in Civil Engineering from the Institute Technology of Bandung.

Thematic Session 1 - Equitable Energy Transition: Pathways to a Just and Sustainable Future

  • Mr. Ralf Vollmering
  • Member of the Management Board European-Iranian
  • Handelsbank AG (EIH)

Session 1 -Equitable Energy Transition: Pathways to a Just and Sustainable Future

  • Dr. Alvin Ang
  • Senior Researcher of the Center for Strategic and Policy Studies (CSPS), Brunei Darussalam Director
  • Ateneo Center for Economic Research & Development (ACERD)

Dr. Alvin Ang is Senior Researcher of the Center for Strategic and Policy Studies (CSPS) in Brunei Darussalam.   He is Professor (on-leave) at the Department of Economics of Ateneo de Manila University.   He was Chair of the Department from 2022 to 2024 and Director of Ateneo Center for Economic Research and Development (ACERD) from 2016-2021.  He was concurrently an ACERD Senior Fellow providing economic briefings to corporate as well as government clients.  He also is a favorite guest resource person on economic and policy matters on radio and television both in the Philippines and abroad. 

His professional experience spans more than three decades as an economic development specialist, investment analyst, corporate planner, program officer, lecturer, and officer in government, private sector and academic research institutions.    He has taught for last 34 years full time at the University of Santo Tomas and Ateneo de Manila University.  He has served as adjunct and visiting faculty at the Asian Institute of Management, Development Academy of the Philippines, Nazarbayev University in Kazakhstan and Chiang Mai University in Thailand.  He has been regularly consulted by the Philippine Government and various international development agencies such as the World Bank, International Labour Organization, Asian Development Bank and other UN agencies on policy matters pertaining to the economy, labor and migration, competitiveness, governance reforms and public finance.

He earned his PhD in Applied Economics at Osaka University Graduate School of Economics. as a Research Scholar of the Japanese Government in 2006 and his Master in Public Policy from the National University of Singapore as a scholar of the Singaporean government in 1999.  He is an alumnus of University of Santo Tomas, where he graduated with a Bachelor of Arts degree in Economics in 1989.  He was the President of the Philippine Economic Society in 2013 where he is a lifetime member.

He is a Fellow of the Institute for Money, Technology and Financial Inclusion at the University of California at Irvine and a Fulbright Senior Visiting Research Fellow at the Institute for the Study of International Migration at Georgetown University.

He is an advocate on financial literacy and had taught on this topic in many circles within the Philippines and abroad especially for the Overseas Filipino Workers.

Session 2 – Driving Economic Prosperity: Leveraging Digital Transformation Strategies

  • Mr. Izwan Zainuddin
  • Chief Executive Officer
  • Perbadanan Usahawan Nasional Berhad (PUNB)

Izwan Zainuddin is currently the Chief Executive Officer of Perbadanan Usahawan Nasional Berhad (PUNB) and Chairman of the Association of Development Finance Institutions Malaysia (ADFIM). He holds a Bachelor of Science degree in Finance from Oklahoma State University and has extensive experience in corporate finance, having served in various roles across Malaysian government agencies, the private sector, and banking sectors.

Session 3 – Sustainable Futures: The Role of Impact Investment in Building Resilient Infrastructure

  • Dr. Ali Heidari
  • Deputy Managing Director, Finance & International Affairs
  • Bank for Industry and Mine

Dr. SEYED ALI HEIDARI is a member of the Executive Board & Financial & International Deputy in BANK OF INDUSTRY & MINE (BIM.IR). Prior to this, he served in different capacities like, Financial Affairs Manager, Chief of Credit Assessment Dept., Financial Expert of Appraisal Department of the BIM.

Some of his notable accomplishments during his stint with the BIM include:

  • He has done several feasibility study reports of investment projects that led to assist in the establishment or development of feasible and entrepreneurial economic projects in different regions of country.
  • Guiding a lot of client’s validation reports leading to the establishment of several new cooperation models for the inclusive manufacturing and mining units for the use of bank credit services including working capital, LCs and guarantees.
  • Designed the integrated economic projects risk assessment of BIM for the bank’s credit agents as one of the important and effective parts of feasibility study reports for investment projects.
  • Secretary of the Asset-Liability Committee (ALCO) for optimal management of resources and liquidity of the bank.

Dr. Heidari has the following expertise in the field of writing, research and academic activities over the years: He was selected as Chief Research of the Bank of Industry & Mine by the Monetary & Banking Research Institute of Central Bank of Iran; University lecturer on banking & monetary subjects; Lecturer of feasibility study reports and principles in cooperation with training departments of different Iranian banks and other financial institutions; teach COMFAR software in Iranian banks and different organizations. Dr. Heidari recently published the following papers: (1) Extraction of clients financial behavioral model in Iranian developmental banks using multi-group modeling technique”; (2) “Role of developmental banks in water fresher projects financing in country”; (3) “Small and medium industries banking mechanism and its modeling in Iran”; (4) “A review on successful methods of developmental banking in developed and developing countries”.

Session 2 – Driving Economic Prosperity: Leveraging Digital Transformation Strategies

  • Ms. Lynette Ortiz
  • President & Chief Executive Officer
  • Land Bank of the Philippines

Ma. Lynette V. Ortiz is President and CEO of the Land Bank of the Philippines, a government financial institution that strikes a balance in fulfilling its social mandate of promoting countryside development while remaining financially viable. She leads Landbank in implementing strategies that align with the development objectives of the National Government.

With over 30 years of experience in banking and finance, Lynette held various senior roles in Risk Management, Treasury, Corporate Finance and Capital Markets in foreign and local institutions.

Other than serving as the President and CEO of LANDBANK, she also holds key roles including: Vice Chairperson of LANDBANK’s Board of Directors; Chairperson of Overseas Filipino Bank; Member of the Board of the Maharlika Investment Corporation.

Prior to her appointment in LANDBANK, she was the first Filipino Chief Executive Officer of Standard Chartered Bank (SCB) Philippines and held the role for almost 7 years. She was also Regional Head of Capital Markets for SCB from April 2015 to June 2016. Lynette spearheaded several landmark transactions in both domestic and international capital markets for Philippine and ASEAN issuers.

She also served as First Vice President in the Board of the Bankers Association of the Philippines (BAP) from March 2020 to March 2024.

A strong advocate for diversity and inclusion, Lynette was named United Nations 2021 Philippine Women’s Empowerment Principles Awards Champion for Leadership Commitment, for her role in setting strong corporate commitments and inclusive leadership.

Opening Remarks

  • Mr. Enrique I. Florencio
  • Secretary General
  • Association of Development Financing Institutions in Asia and the Pacific

Enrique is a Certified Sustainability Assurance Practitioner (GRI & Accountability 1000) and has extensive experience in sustainability reporting and management workshops. He is currently the Secretary General of the Association of Development Financing Institutions in Asia and the Pacific (ADFIAP).

Enrique has participated both as a Board of Trustee and Member of various national organizations and activities relating to the development and promotion of ICT and CSR in the country. One of which is the Philippine Society of Information Technology Educators, (PSITE) where he has been an active member and trustee for more than a decade.

An active technical member of the Human Capital Development Group of the Department of Information and Communications Technology (DICT), and has published a primer on ICT in Education. He has been an active technical member of Sustainability Strategic Consulting since 2006 and has published sustainability reports of known corporations in the country. He has also worked with CSR Asia in some of its CSR projects in the Philippines and Asian Development Bank as project consultant. Enrique has a Graduate Degrees in Business Administration from the De La Salle University and in Educational Technology at the Concordia College Graduate School.

Opening Remarks

  • Mr. Reynaldi Hermansjah
  • President Director
  • PT Sarana Multi Infrastruktur (Persero)

Reynaldi Hermansjah, an Indonesian citizen, holds a Doctoral and Master’s degree in management from Pelita Harapan University and a Bachelor’s in Electrical Engineering from Trisakti University. He has over 20 years of experience in the financial sector, serving in leadership roles at PT Indonesia Infrastructure Finance, PT Pembangunan Jaya Infrastruktur, and PT Jasa Marga. Since August 14th, 2024, he has been appointed President Director of PT Sarana Multi Infrastruktur (PT SMI) by the Minister of Finance Republic of Indonesia.

Opening Remarks

  • H.E. Dr. Kao Thach
  • Delegate of the Royal Government of Cambodia in charge as Chief Executive Officer
  • Agricultural & Rural Development Bank/ADFIAP Chairman

H.E. Dr. Kao Thach KAO is a Delegate of the Royal Government in charge as CEO of the Agricultural and Rural Development Bank (ARDB) in Cambodia. Concurrently, he is a member of Supreme National Economic Council (SNEC) with the rank to Secretary of State and Labor Arbitrator of the Arbitration Council since 2003.

Before holding ARDB’s portfolio, he was Deputy Director General of the Securities and Exchange Commission of Cambodia with the rank and privilege to Undersecretary of State and the Head of Financial Market Division, Financial Industry Department, Ministry of Economy and Finance. He used to be a Legal Officer in the Ministry of Justice and also in court. He was one of the key persons working toward the establishment of Securities and Exchange Commission of Cambodia and Cambodia Securities Exchange.

Since joining the Ministry of Economy and Finance in 2003, he has undertaken numerous assignments relating to financial sector development in Cambodia. These assignments include being a member of working groups responsible for drafting Law on Government Securities and Law on Issuance and Trading of Non-government Securities; and member of working group responsible for developing Financial Development Strategy 2006-2015 and 2011-2020. As a representative of the Ministry of Economy and Finance he has been involved in various ASEAN working groups in relation to capital markets development such Asian Bond Markets Initiative (ABMI), ASEAN Capital Markets Forum (ACMF), and Financial Services Liberalization.

Dr. Kao Thach holds a Bachelor of Law Degree (LLB-Faculty of Law and Economics) and Master of Laws from Bond University (Australia) with emphasis of International Trade Law System, WTO Legal Framework, Alternative Dispute Resolution, and Dispute System Design. He graduated Doctor of Business Administration (DBA) from EU Business School; and Doctor of Philosophy in Public Policy from the University of Cambodia.