General Atlantic names ex-Indonesia ambassador John A Prasetio as special advisor

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Private equity firm General Atlantic (GA) has appointed a former Indonesian ambassador to South Korea and prominent businessman, John A Prasetio, as a special advisor.

Prasetio’s new role is to support the firm’s strategic business initiatives in Southeast Asia, the company said in a statement today.

GA has recently invested $80.9 million in Indonesia’s retailer Mitra Adiperkasa (MAP), the local operator of global brands such as Starbucks and Cold Stone. The transaction marked GA’s first foray into the Indonesian market. The retailer’s unit, MAP Boga Adiperkasa, has said that it is planning to go public this year, selling 20 per cent stake.

Prasetio’s appointment might indicate GA’s intent to explore other opportunities in the country.

“With decades of experience serving in various leadership roles at leading global financial institutions, Mr Prasetio will work closely with General Atlantic’s Southeast Asian investment team to identify and support business opportunities in the region with a particular focus on Indonesia,” the statement said.

Prior to joining GA, Prasetio was the Ambassador of Indonesia to the Republic of Korea. He is currently president commissioner of the Indonesia Stock Exchange, senior advisor of Crowe Horwath Indonesia, and independent commissioner of SMN Telecommunication and Global Mediacom. He had worked with Andersen Worldwide as Asia Pacific CEO, Ernst & Young Global as regional senior advisory chairman, Bank Permata as independent commissioner, and Energy Development Corporation as outside director.

Prasetio has also held a number of leadership positions at government institutions and leading business associations, including serving as a member of the President’s National Economic Committee, the President’s National Business Development Council, the National Committee on Good Governance, the Investment Committee of the Investment Coordinating Board, the Association of Publicly Listed Companies Advisory Board, and the Special Staff of the Minister of Industry.  Furthermore, Prasetio served as Vice Chairman of the Indonesian Chamber of Commerce and Industry and the Indonesia Chair of APEC Business Advisory Council.

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

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Singapore Reporter/s

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.