On 27 January 2021, our Founding and Managing Partner, Dr. Yozua Makes was directly appointed by none other than President Joko Widodo, as one of the highly distinguished members of the supervisory board of the Indonesian Investment Authority (Lembaga Pengelola Investasi or “LPI”), the first ever Indonesian sovereign wealth fund tasked to manage the investments of the central government. The other board members are Sri Mulyani (Minister of Finance) as Chairperson, Erick Thohir (Minister of State-Owned Enterprises), and individual professionals, Haryanto Sahari and Darwin Cyril Noerhadi. It is only Yozua that represents and comes from the legal profession.
The Indonesian Investment Authority was established to attract foreign investments and optimize economic growth, development and sustainability. Its creation was mandated under the newly enacted Job Creation Law.