Thomas Lembong

Thomas Trikasih Lembong (born 4 March 1971), better known as Tom Lembong, is an Indonesian politician. Since 27 July 2016, he has been Head of Indonesia's Investment Coordinating Board (Badan Koordinasi Penanaman Modal).. He formerly served as Minister of Trade of Indonesia from 12 August 2015 to 27 July 2016.[1][2]

Thomas Trikasih Lembong
Head of Investment Coordinating Board of Indonesia
In office
27 July 2016 – 23 October 2019
Preceded byFranky Sibarani
Succeeded byBahlil Lahadalia
Minister of Trade of Indonesia
In office
12 August 2015 – 27 July 2016
Preceded byRachmad Gobel
Succeeded byEnggartiasto Lukita
Personal details
Born (1971-03-04) 4 March 1971
Jakarta, Indonesia
Political partyIndependent
Alma materHarvard University

Career

Main positions held by Thomas Lembong before becoming Head of the Investment Coordinating Board include the following:

  • 1995: Staff member in the Equities Division in Morgan Stanley (Singapore).
  • Senior Manager in the Corporate Finance Department of Makindo Securities, an investment bank in Jakarta.
  • Investment banker with Deutsche Securities in Jakarta.
  • 2002–2005: Division Head, and Senior Vice President, Indonesian Bank Restructuring Agency in Jakarta.
  • 2006: Founding member and managing partner and CEO, Quvat Management, a private equity fund established in 2006, also working with Principia Management Group, Jakarta.
  • 2008: elected as a Young Global Leader at the World Economic Forum.
  • 2012: President Commissioner, PT Graha Layar Prima Tbk, an Indonesia-based cinema operator.

On 12 August 2015, President Joko Widodo ("Jokowi") appointed Thomas Lembong as Minister for Trade in the first cabinet reshuffle since the Jokowi administration had taken office on 27 October 2014.[3] Thomas Lembong held the position until he was appointed as Head, Investment Coordinating Board, in July 2016.[4] On taking over as Head of the Investment Coordinating Board, he described President Jokowi's economic reform philosophy as having two principles: openness and competition. He emphasised that following the cabinet reshuffle and the appointment of Enggartiasto Lukita as the next Trade Minister, he expected that there would be policy continuity in trade and investment policy in Indonesia.[5]

References
  1. Rachmadea Aisyah (December 14, 2018). "Pegatron investment in Batam not yet confirmed: BKPM". The Jakarta Post. Retrieved December 21, 2018.
  2. "Money Matters". The Business Year. Retrieved December 21, 2018.
  3. Arlina Arshad (February 15, 2016). "Humble, pragmatic minister who bears similarities to Jokowi". The Straits Times. Retrieved December 21, 2018.
  4. "Former Trade Minister: Indonesia Is Seeing Recovery". Bloomberg. September 20, 2016. Retrieved December 21, 2018.
  5. Thomas Lembong, 'Insight: President Jokowi's trade policy: Onwards and upwards', The Jakarta Post, 10 August 2016.


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