In the wake of the Asian financial crisis in 1998, Danamon was placed under the supervision of the Indonesian Bank Restructuring Agency (IBRA) as a Bank Taken Over (BTO). In 1999, the Government of Indonesia, through IBRA, recapitalized Danamon with Rp32.2 trillion of government bonds. Within the same year Bank PDFCI, another BTO, was merged with Danamon as part of the restructuring program of IBRA. In 2000, Danamon completed another merger with eight other BTOs (Bank Tiara, Bank Duta, Bank Rama, Bank Tamara, Bank Nusa Nasional, Bank Pos Nusantara, Jayabank International and Bank Risjad Salim Internasional). As part of this merger package, Danamon received a second recapitalization from the government through a capital injection of Rp28.9 trillion. As the surviving entity, Danamon emerged from the merger as one of the country’s largest private banks. Following the recapitalization and the merger, Danamon underwent further extensive restructuring involving the Bank’s management, employees, organization, systems, and corporate identity. The efforts succeeded in laying down new foundations and infrastructure for Danamon to pursue growth based on integrity, professionalism, transparency and responsibility. In 2003, Danamon was acquired by Asia Financial (Indonesia) Pte. Ltd., a consortium of Fullerton Financial Holding, a fully owned subsidiary of Temasek Holdings, and Deutsche Bank AG, which took a majority controlling stake.
Following an extensive review under new management, a new vision was introduced and a new strategy was developed with specific business models serving clearly defined market segments. In line with the new direction, in 2004 Danamon launched its Danamon Simpan Pinjam, a micro banking business, and diversified into consumer finance business via the acquisition of Adira Finance, one of the largest auto-finance companies in Indonesia. These initiatives were followed by rapid growth in the Danamon Simpan Pinjam network in 2005 and the acquisition of American Express Card business in Indonesia in 2006 that puts Danamon as one of the largest card issuers in the country.
Today, Danamon emerges as one of the largest and strongest financial institutions in the country. With over 50 years of experience, Danamon continues to strive to ‘make things happen’ for its customers – its brand promise. As of December 2009, Danamon ranked as the sixth largest bank by asset size in Indonesia, the fourth largest bank by market capitalization, and operates the second largest branch network with over 1,900 branch offices and outlets in the country.
As one of the leading financial institutions in Indonesia with more than fifty years of experience, Danamon invites young professionals with dynamic personalities, perseverance, and creativity, to join Danamon excellence team.
Management Associate
(Jakarta Raya)
Responsibilities:
Directorate : Treasury, Transaction & Syariah, Financial Institution
Location : Jakarta
Scope of work:
This is a 12 month-fast track program that will provide the incumbents with a combination of on the job training, in-class and assignments. The incumbents will be expected to be the future leaders of the organization.
Requirements:
- S1 or S2 degree with preference in Engineering/Math/Finance majors
- Minimum GPA of 3.0
- Maximum age of 28
- Fresh Graduate / Maximum 2 years of working experience
- Good analytical and problem solving skills
- Good report writing and presentation skills
- Excellent communication, verbal and written English.
For further information please check our web:
www.danamon.co.id
Applicants may submit their soft copy resume to:
nadila.setiabudiarto@danamon.co.id
at the latest by June 30, 2011. Only shortlisted candidates will be notified.
