Lauren Sulistiawati joins Commonwealth Bank Indonesia as president director

Photo by Commonwealth Bank Indonesia

By Vincencia NLS

March 2, 2016

Lauren Sulistiawati joined Commonwealth Bank Indonesia as a new president director succeeding Tony Costa, who has retired after six years of service.

Sulistiawati will continue to grow the Bank’s  businesses in Indonesia, focusing on developing new market opportunities and increasing market presence across business operations.

As an industry veteran, with over 25 years of experience in finance and banking, she has an experience in the financial banking sector – holding a series of operational, strategic and managerial leadership positions.

She has formerly worked at a number of international and national banks such as Citibank Indonesia, Bank Permata, Lippo Bank, Standard Chartered Bank and ANZ-Panin Bank.

Formerly the MD country business manager at Citibank, she led Citibank’s retail banking, sales & distribution, consumer lending and wealth management.

She graduated from San Francisco State University with Magna Cum Laude.

Sulistiawati said, “I’m very excited to be part of Commonwealth Bank of Australia (CBA) franchise, as one of the largest banks in the world and with complete financial service business capabilities in Indonesia covering banking, asset management and insurance. In addition, the Bank’s focus on Retail & SME and its commitment to financial inclusion and financial literacy is in line with Indonesian government economic agenda.”

“With Lauren at the helm we will continue to improve our service and products to meet our customer needs with a real focus on using technology to make it easy for our customers to do business with us. Lauren has an outstanding and proven track record and we are confident that she will be successful in the long term growth of our businesses in Indonesia.” said Geoff Coates, president commissioner of Commonwealth Bank Indonesia.

Commonwealth Bank today is serving customers through 91 branches and offices in 32 cities in Indonesia, including Sumatera, Java, Kalimantan, Bali, and Sulawesi.

Commonwealth Bank, a subsidiary ofthe Australian-based Commonwealth Bank, the largest bank in Australia and a top 7 safest bank in the world according to Global Finance Magazine.

Commonwealth. Bank has operated in Indonesia since 1997 and provides a full range of banking services with focus on retail and SME banking, by offering financial solutions specifically designed for customers’ needs.

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In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.
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