Indonesia's sovereign wealth fund Danantara is undergoing a senior management shakeup, with new hires joining the team as it expands its role under President Prabowo Subianto’s government. Daniel Ginting, a former partner at Ginting & Reksodiputro, has joined as a managing director for legal and compliance, while Robertus Billitea, previously in that role, has moved to Danantara Trust, the fund’s charity arm. The changes come as the fund seeks to strengthen its strategic direction and regulatory oversight. The restructuring reflects broader efforts to align Danantara’s operations with the government’s economic priorities, though specifics on deal values or market impacts remain unclear.

The shakeup underscores the fund’s evolving mandate amid shifting political and financial landscapes.