Jakarta, 15 January 2015 - BTPN held its Extraordinary General Meeting of Shareholders on Thursday January 15, 2015, which as part of its agenda was to propose 2 SMBC representatives as members of its Board of Commissioners.
The shareholders in attendance agreed to appoint Chow Ying Hoong (54 years of age) a Singapore citizen, and Hiroshi Higuma (46 years of age) a Japan citizen, as members of the Board of Commissioners. They will replace the previous members, Ranvir Dewan and Sunata Tjiterosampurno. This change is not affecting the current Board of Commissioners numbers in BTPN, whom remains at six.
“We are optimistic that these changes will further strengthen BTPN position as a bank that focuses on the lower-income segments of society, including pensioners and micro & small enterprise (MSE) entrepreneurs, as well as productive poor communities (mass market). The presence of SMBC as a BTPN shareholder provides added value to us, as SMBC is proven to have strengths and experience, such as in funding, and it will serve to bolster BTPN’s future business and growth,” said Jerry Ng, President Director of BTPN.
Chow Ying Hoong has been with SMBC since April 2010. He is currently Director & Deputy Head for Asia Pacific Division at SMBC in Singapore. Hiroshi Higuma, meanwhile, joined SMBC in 1997. He is currently the Joint General Manager of Emerging Markets Business Division at SMBC in Singapore.
In addition, the Extraordinary General Meeting of Shareholders also approve determination of independent members of the Board of Directors of the Company. The Company has appointed Jerry Ng and Anika Faisal each in his position as President Director and Director of the Company. They were originally assigned as Independent Directors in May 2014 in order to comply with the Exchange Rules No.I-A concerning the Listing of Shares (Stock) and Equity Type Securities Other Than Stock Issued by The Listed Company.
The shareholders also approved the Restatement of the amendment of Article of Association of
the Company, among others in connection with the separation of the Unit Usaha Syariah/Sharia Business Unit of the company (known as a spin-off).
BTPN Syariah, which focuses on serving and empowering women from productive poor families, has been officially operating as an Islamic commercial bank since July 14, 2014.
“With the support and synergy with SMBC, going forward BTPN will consistently keep developing banking services and business for the lower-income segments of society, including pensioners and micro & small enterprise (MSE) entrepreneurs, as well as productive poor communities (mass market). Furthermore, BTPN will strive to open up opportunities to explore other businesses in this segment, which to date has not been done,” concluded Jerry.