JAKARTA, June 8 The Indonesian parliament's
finance commission on Thursday voted for banker Wimboh Santoso
to head the financial regulator.
The commission's choice needs to be endorsed by the wider
parliament in a vote on a later date. If approved, Santoso would
begin his five-year term in July.
Santoso, who has been president commissioner of
state-controlled Bank Mandiri since 2015, was
previously a career central banker.
His last position with Bank Indonesia was as the head of its
New York branch before he moved to the International Monetary
Fund to become the executive director of the Southeast Asia
The current head of the Financial Services Authority (OJK)
is Muliaman Hadad, who has been leading the agency since it was
formed in 2012.
Indonesia's finance industry is estimated to be worth $1.2
trillion. The country has Southeast Asia's largest economy.
During his fit and proper test on Monday, Santoso said he
would direct the OJK's policies to promote economic growth and
equality by using technology.
He also said he would try to diversify investment
instruments in Indonesia's shallow capital market.
Santoso won 50 out of a total 55 votes on Thursday. He ran
against banker Sigit Pramono.
(Reporting by Hidayat Setiaji; Writing by Gayatri Suroyo and
Fransiska Nangoy; Editing by Robert Birsel)