Muhadjir Effendy Appointed as President Commissioner of Bank Syariah Indonesia (BSI)
The Annual General Meeting of Shareholders (AGMS) for PT Bank Syariah Indonesia Tbk (BSI) held on May 6th, 2024, has appointed Muhadjir Effendy, Chairman of PP Muhammadiyah, as the new President Commissioner. This strategic decision marks a meaningful step for BSI,leveraging Effendy’s extensive experience in both governmental and organizational leadership.
Who is Muhadjir Effendy? A Profile of the New President commissioner
Muhadjir Effendy brings a wealth of experience to his new role. he served as Minister of Education and Culture from 2016 to 2019 and afterward as Coordinating Minister for Human Development and Culture from 2019 to 2024. His leadership extends into the Muhammadiyah association, where he chairs the economic, business, and halal industry sectors for the 2022-2027 term. Previously, he oversaw higher education, research, and development within Muhammadiyah.
Effendy’s involvement includes being a member of the Indonesian Vision Team Progress and the Muhammadiyah Central Leadership since 2014. He also contributed to the Muhammadiyah Tarjih Muhammadiyah Ulama Daily Ulama education Agency (PUTM) and chaired the Tapak Suci Putera Muhammadiyah Research and Development from 2006 to 2011.
Did You Know? Muhadjir Effendy’s appointment highlights the increasing integration of Islamic finance principles with national economic development strategies in Indonesia.
New Appointments to BSI’s Board: Strengthening Leadership
Besides Muhadjir Effendy, the AGMS also appointed Meidy Firmansyah, Mochammad Agus Rofiudin, and Kamaruddin Amin as commissioners. Nizar Ahmad Saputra, Muhammad Syafii Antonio, and Addin Jauharuddin were appointed as Autonomous Commissioners, strengthening the governance and oversight of BSI.
- Meidy Firmansyah: Commissioner with extensive experience in the financial sector.
- Mochammad Agus Rofiudin: Commissioner bringing expertise in islamic finance.
- Kamaruddin Amin: Commissioner known for his insights in regulatory compliance.
- Nizar ahmad Saputra: Independent Commissioner ensuring impartial governance.
- Muhammad Syafii Antonio: Independent Commissioner bringing academic rigor.
- Addin Jauharuddin: Independent Commissioner adding diverse perspectives.
Complete List: Board of Commissioners and directors of BSI
Here is the updated list of BSI’s Board of Commissioners and Directors, reflecting the recent changes and strategic appointments:
| Position | Name |
|---|---|
| Board of Commissioners | |
| president Commissioner | Muhadjir Effendy* |
| Independent Commissioner | Felicitas Tellulembang |
| Commissioner | Meidy firmansyah* |
| Commissioner | mochammad Agus Rofiudin* |
| Commissioner | Kamaruddin Amin* |
| Independent Commissioner | Nizar Ahmad Saputra* |
| Independent commissioner | Muhammad Syafii Antonio* |
| Independent Commissioner | Addin Jauharuddin* |
| board of Directors | |
| President Director | Anggoro Eko Cahyo* |
| Deputy President Director | Bob Tyasika Ananta |
| Director of Retail Banking | Pack Erwan Husainy* |
| Director of Data Technology | Muharto* |
| Director of Finance and Strategy | Ade Cahyo Nugroho |
| Director of Sales and Distribution | Anton Sukarna |
| Director of Compliance and Human Capital | Arief Adhi Sanjaya* |
| Director of risk Management | gradhis Helmi harumansyah |
| Director of Wholesales transaction Banking | Zaidan Novari |
| Director of Treasury and International Banking | Firman Nugraha* |
*Effective after obtaining approval from the Financial Services Authority
Pro Tip: stay informed about regulatory approvals from the Financial Services Authority (OJK) to understand the final composition of BSI’s leadership. These approvals can affect strategic decisions and operational effectiveness.
Strategic Implications for Bank Syariah Indonesia
The appointment of Muhadjir Effendy and the new commissioners signifies a strategic move by BSI to enhance its governance and leverage expertise from diverse backgrounds. Effendy’s experience in government and muhammadiyah is expected to provide valuable insights into policy, community engagement, and the halal industry, potentially driving BSI’s growth and impact.
How do you think these leadership changes will impact BSI’s strategic direction and its role in promoting Islamic finance nationally and internationally?
Future Trends in Islamic Banking and Finance
With these leadership changes, BSI is poised to capitalize on several emerging trends in Islamic banking and finance. These include the increasing demand for ethical and socially responsible investments, the growth of digital Islamic finance (fintech) solutions, and the expansion of the halal industry globally.
The bank’s focus on technology and customer-centric solutions should drive growth. BSI launched “Bewize” to target 50% growth in corporate customers,showing a forward-thinking approach.
Did You Know? Global Islamic finance assets are projected to reach $4.94 trillion by 2025, driven by increasing awareness and demand for Sharia-compliant financial products.
