Rosan Roeslani

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Rosan Roeslani
Official portrait, 2022
Vice Minister of State Owned Enterprises
In office
17 July 2023 – 25 October 2023
PresidentJoko Widodo
Preceded byPahala Mansury
21st Indonesian Ambassador to the United States
In office
25 October 2021 – 17 July 2023
PresidentJoko Widodo
Preceded byMuhammad Lutfi
Public Chief of Kadin
In office
2015–2021
PresidentJoko Widodo
Preceded bySuryo Bambang Sulisto
Succeeded byArsjad Rasjid
Personal details
Born (1968-12-31) December 31, 1968 (age 55)
 Indonesia
SpouseAyu Menik Heni
Children3
Residence(s)Jakarta, Indonesia
Alma materAntwerpen European University (Belgium)
Oklahoma State University (United States)
OccupationChairman Recapital Group

Rosan Perkasa Roeslani (born 31 December 1968) is an Indonesian diplomat and businessman. He was Indonesian Ambassador to the United States.[1] and briefly appointed by Indonesian President Joko Widodo as Vice Minister of State-owned Enterprise. He resigned from both positions in late 2023 to avoid potential conflict of interests as he was appointed to lead the presidential campaign team of Prabowo Subianto and Gibran Rakabuming Raka which he accomplished very successfully with a landslide 58.58% victory. He is one of three Indonesians who bought the Italian football club Inter Milan in 2015.[2]

He was born in Jakarta and is the Chairman of the Recapital Group. On November 24, 2015, he was elected as Chairman of Kadin for the period 2015 - 2020. He won 102 votes, beating another candidate for chairman, Rahmat Gobel, who only got 27 votes at the VII Kadin National Conference at the Trans Luxury Hotel, Bandung, West Java. The total votes collected reached 129 votes, consisting of 33 regional Chamber of Commerce and Industry (Kadin) in which each province had 3 voting rights and 30 associations, each of which had 1 vote.[3]

Business[edit]

Together with his two friends, Sandiaga Uno and Elvin Ramli, Rosan started his business as financial advisors. The business that was started in 1996 was officially established into a company in 1997 under the name PT Republik Indonesia Funding, which is better known as Finance Indonesia. The entrepreneurial segment, which was scorned by a number of people, finally yielded sweet results. The economic crisis that has hit Indonesia since the end of '97 requires national companies to look for people who are able to revive the companies and businesses they manage. The crisis turned into a blessing for Rosan. Starting from a small office with an area of 70 square meters in Setiabudi area, Kuningan, South Jakarta, Finance Indonesia began to take the attention of large capital owners.[4]

In 2002, Indonesia Finance changed its name to Recapital.[5] From a small financial advisory firm, Recapital has become a large, reputable and competent company in terms of strategic cooperation, financial asset management and investors. "One time we were chatting, we could bring in investors to help unhealthy companies. Why don't we bring in investors for our company too?" said Rosan. This idea sparked the idea to expand the line of business. With finance and banking as the leading sectors, Recapital's business is growing by entering other sectors in the industrial sector where mining, infrastructure, property, to media and communications are included. In the financial sector, Recapital is present through Recapital Securities, Recapital Asset Management, Global Sarana Lintas Artha, Recapital Life Insurance (Relife), Recapital General Insurance (Reguard), and Bank Pundi.[6]

In addition, Recapital is also one of the owners of Bank Kesejahteraan Ekonomi and Capital Inc Investment. In the infrastructure sector, Rosan's company is one of the leaders in Indonesia through the Acuatico Group in the supply and distribution of clean water.[7] Through the Aetra Air Indonesia business arm, Acuatico is present in Jakarta and Tangerang. Acuatico is also a clean water supplier for Ho Chi Minh City. Acuatico also provides integrated water infrastructure specifically to supply drinking water in the Rasuna Epicentrum complex under the name Rasuna Eco Park. In the property sector, Rosan through Recapital owns the Grand Kemang Hotel in an elite area of Jakarta, the Losari Spa Retreat & Coffee Plantation Hotel (now MesaStila Resort and Spa) in Magelang, Central Java, as well as two resorts in Bali, namely The Edge Villa in Uluwatu and the Hill Resort in Ubud. Its newest property is Karang Beras Island in the Thousand Islands, Jakarta. In the field of Media and Telecommunications, Recapital is present through Alberta Media.[8]

In addition, Recapital is a shareholder of PT Mahaka Media. Mahaka is a company engaged in newspaper publishing, magazine publishing, outdoor media/billboards, animation, radio networks, portals, and information technology businesses. In the Health sector, Rosan also has a Gandaria Hospital in the South Jakarta area. In the mining sector, the name Recapital emerged as one of the shareholders of Bumi Plc. One of its subsidiaries is Bumi Mineral Resources (BRM), a mining company that produces precious metals and base metals. In 2013, it was variously reported that $173 million had allegedly gone "missing" or that "mysteriously vanished" or that a withdrawal was "unauthorised" from Berau Coal Energy (a subsidiary of Bumi Mineral Resources) under Roeslani's leadership. Roeslani disputed the claims. The firm decided that if Roeslani repaid the money, no legal action would be taken.[9][10][11][12][13][14]

Organization[edit]

Rosan is also active in the field of organization. Since the beginning of entering the business world, Rosan has joined the Indonesian Young Entrepreneurs Association (HIPMI). As he grew older and became more influential, Rosan was elected to the board of the Indonesian Chamber of Commerce and Industry (KADIN) for the 2010-2015 period. According to his field of expertise, Rosan was entrusted as Deputy General Chair of Banking and Finance. One of Rosan's real and aspirational works in carrying out this position is the establishment of PT Palapa Nusantara Berdikari. This company aims to help financing potential SMEs throughout the archipelago through capital.[15]

References[edit]

  1. ^ "The Ambassador – Embassy of the Republic of Indonesia | Washington D.C." Retrieved 2022-09-28.
  2. ^ "Ini Dia Profil Trio Pengusaha Indonesia Pemilik Baru Inter Milan - Super Ball". 2015-10-05. Archived from the original on 2015-10-05. Retrieved 2022-09-28.
  3. ^ Idris, Muhammad. "Ungguli Gobel, Rosan Roeslani Terpilih Jadi Ketum Kadin 2015-2020". detikfinance (in Indonesian). Retrieved 2022-09-28.
  4. ^ "Jokowi carries out reshuffle close to his end of term, appoints Rosan Roeslani as deputy minister of state-owned enterprises". Indonesia Business Post. 18 July 2023. Retrieved 23 September 2023.
  5. ^ "Google Maps". Google Maps (in Indonesian). Retrieved 2022-09-28.
  6. ^ "Bank Pundi finds solace in Banten administration". The Jakata Post. 13 July 2016. Retrieved 23 September 2023.
  7. ^ "Recapital - Infrastructure". 2015-10-06. Archived from the original on 2015-10-06. Retrieved 2022-09-28.
  8. ^ "Indonesian Companies". The Company File. Retrieved 23 September 2023.
  9. ^ "Rosan Roeslani emerges as surprise buyer of Inter Milan". The Telegraph (UK). 15 October 2013. Retrieved 6 June 2015.
  10. ^ "Former Bumi owner wins legal battle to recoup £110m from ex-director". The Guardian. 31 December 2014. Retrieved 28 April 2024.
  11. ^ "Breakthrough in pursuit of former Bumi director's assets". The Telegraph. 4 March 2014. Retrieved 28 April 2024.
  12. ^ "Nat Rothschild sells Asia Resource Minerals stake". Financial Times. 8 June 2015. Retrieved 28 April 2024.
  13. ^ "Bumi Says Roeslani Claims He Doesn't Owe Company Funds". Bloomberg. 4 December 2013. Retrieved 28 April 2024.
  14. ^ "With founder on hook for $173M, private equity company plans media asset sale". Nikkei Asian Review. 11 February 2015. Retrieved 28 April 2024.
  15. ^ "Indonesia's KADIN injects funds in sustainable cocoa production by SMEs". Deal Street Asia. Retrieved 23 September 2023.