Top 10 Leaders from Financial Services in Indonesia

Dasrul Chaniago, Director, Majoris Asset Management
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The financial services industry in Indonesia plays a pivotal role in the nation's economy, characterized by its dynamic growth and increasing global integration. As the largest Southeast Asian economy, Indonesia's financial sector encompasses banking, insurance, investment, and capital markets, attracting both local and international investors. With a young and tech-savvy population, the industry has seen a surge in digital banking and fintech startups, making it one of the fastest-growing markets in the region. Key players in the sector continue to focus on enhancing financial inclusion, leveraging digital solutions, and expanding access to services across the country.

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Top 10 Leaders from Financial Services in Indonesia - 2025

Over the last two decades, leadership in the financial services industry in Indonesia has been a major facilitator of the transformation of this industry. As one of the fastest growing and largest national economies in Southeast Asia, Indonesia has provided leaders both opportunities and challenges that require them to invest in, and be responsive to, the transformation of the sector via a vision, agility, and resilience. Financial services industry leaders in Indonesia operate in dynamic market conditions, regulatory change, and technological disruption to deliver an inclusive, digital and sustainable financial ecosystem.

Leaders have a different perspective of innovation compared to risk governance and as empowered executives in Indonesia’s financial services industries they have implemented innovation to advance digital platforms, grow financial inclusion, and facilitate key national priorities including financing SMEs and national infrastructure. The fast-growing fintech and digital banking sector have pushed executives to showcase their leadership capabilities given their reliance on the engagement of increasingly old-fashioned banks as competitors and the presence of new fintech entrants, and the increased risks surrounding cybersecurity. They are also trying to implement their companies’ strategies while addressing operational challenges to manage increasing customer expectations.

Leaders in the Indonesian financial services sector are taking the lead on how sustainability can be integrated into their strategy. Environmental, social, and governance (ESG) factors are driving more and more investment decisions and lending, so leaders will need to consider how to steer their organizations to become responsible businesses that generate value over the long term while there are talent shortages, geopolitical risk, and both local and global economic uncertainties. Ultimately, leadership in Indonesian financial services comes down to an ability to find the balance between tradition and innovation, local framings and global standards, and profit and purpose. The next generation of leaders will also play a custodial role in a financial services sector in Indonesia that builds inclusive growth, resilience, and prosperity.

CEO Insights Asia in this issue presents a list of ‘Top 10 Leaders from Financial Services in Indonesia - 2025' who have leveraged their extensive industry expertise and experience in offering effective skills to the market. The following list has been prepared after being closely scrutinized by a distinguished panel of judges including CXOs, analysts and our editorial board. We recognize their valuable contribution to the ever expanding and competitive market and their ability to sustain themselves and emerge as top contestants through their reliable knowledge.

Top 10 Leaders from Financial Services in Indonesia - 2025

Company Management	Company Name	Company Description
Aan Setiawandi, Director & CFO	Akulaku	With a foundation in finance, strategic planning, and cross-border operations, he has overseen the company’s financial governance and growth initiatives across key markets like Indonesia, the Philippines, and Vietnam
Alex Jatra, CFO	Ayoconnect	He brings experience in finance, strategy and leadership across technology and financial services sectors, with a track record in driving growth, operational excellence and investor relations
Dasrul Chaniago, Director	Majoris Asset Management	With over 20 years of experience in finance and leadership roles, he has established himself as a leader in Indonesia's asset management industry through his expertise and commitment to financial growth
Dino Setiawan, CEO	AwanTunai	With a background in finance, technology and entrepreneurship, he leads the company’s strategy, product innovation and market expansion, and drives efforts to increase financial inclusion, streamline payment infrastructure and more
Handi Huta Jaya, President Director	Jarvis Asset Management	With a background in research and fund management, he has played key roles at various companies and has gained a reputation for strong research capabilities and insightful investment recommendations
Mikiko S, CFO	Xendit	With experience in leading high-growth organizations, he focuses on driving financial sustainability, operational efficiency, and strategic partnerships to support the company's expansion across Southeast Asia
Reynold Wijaya, Co-Founder & CEO	Modalku	He has expertise in finance, strategy and business operations within the technology and fintech sectors, and is recognized for his commitment to financial inclusion, promoting entrepreneurship and driving sustainable growth mpanies to the region, supporting local companies in scaling globally and building partnerships
Rustarti Suri Pertiwi, CFO	Bank Raya Indonesia	She brings experience in banking finance, risk management and strategic planning, oversees the bank’s financial health, regulatory compliance and capital allocation, and has a strong track record in financial governance and performance optimization
Sigit Wiryadi, President Director	Sequis Asset Management	He has over 35 years of experience across securities, asset management and investment banking, bringing deep expertise and strategic insight to Indonesia’s financial industry
Sunadi Tan, President Director	Allianz	He has played a key role in transforming the company’s digital and distribution capabilities, enhancing customer experience through innovative products and data-driven solutions

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