Bank Mandiri, Indonesia's largest state-owned lender by assets, has appointed Riduan as its new President Director at an extraordinary general meeting of shareholders on 4 August 2025. Riduan succeeds Darmawan Junaidi. Henry Panjaitan has been named Deputy President Director.
THE NEW LEADERSHIP TEAM
Riduan was previously the bank's deputy president director. Bank Mandiri operates across retail, corporate, and treasury segments, with a domestic branch network and international operations.
Under Darmawan Junaidi's leadership, the bank developed and scaled its Livin' by Mandiri retail super app and its Kopra platform for corporate clients.
Henry Panjaitan, formerly business director at state credit guarantor Jamkrindo, joins as Deputy President Director. Both appointments are subject to the fit-and-proper approval process conducted by the Financial Services Authority of Indonesia.
INDONESIAN STATE BANKS
Bank Mandiri is part of Indonesia's Himbara group of state-owned banks.
The appointment process for senior executives at state-owned banks in Indonesia involves the state as controlling shareholder.