Oki Ramadhana was appointed CEO of Indonesia Investment Authority (INA) on May 13, 2026, replacing Ridha Wirakusumah who completed his term in February of the same year [1]. INA is Indonesia's first sovereign wealth fund and Ramadhana's appointment ended a leadership gap of over three months [1].
Ramadhana brings extensive financial sector experience, having served as president director at Mandiri Sekuritas and held leadership roles at HSBC Sekuritas, Morgan Stanley, and Goldman Sachs Group [2, 1]. Alongside Ramadhana, INA named Laksono Widodo as chief investment officer and Adhiputra Tanoyo as chief risk officer, all sworn in the same day [1].
INA reports directly to Indonesian President Prabowo Subianto and aims to attract new capital to Indonesia through direct co-investments and hybrid capital solutions, including private credit [1]. The fund has deployed over US$4.5 billion alongside investor partners across sectors such as transport, infrastructure, digital economy, green energy, healthcare, and education [1].
In recent deals, INA participated in private credit financing with a US$250 million loan to Chandra Asri Pacific and a US$300 million financing to Traveloka Indonesia [1].
Indonesia's other sovereign wealth fund, Danantara, holds a US$12 billion war chest and has announced plans for rapid expansion [1]. Ramadhana's leadership at INA is expected to oversee continued deployment of capital in line with the fund’s goal to boost infrastructure and strategic sectors.
The next key event for INA will be ongoing investment activities under Ramadhana’s tenure as CEO, following the end of the previous vacancy in INA's leadership since February this year [1].
