Hendra Lembong, President Director of BCA, responsible for overall coordination as well as the direct supervision of the Internal Audit Division. He has over 30 years of banking experience both in Indonesia and internationally. He served as Deputy President Director from 2022 until 2025, responsible for general supervision of the Finance & Corporate Planning Director and the Transaction Banking Director, as well as responsible for the Strategic Information Technology Group and the Operation Strategy & Development Group. Also monitors developments at PT Central Capital Ventura, a subsidiary in venture capital, and at PT Bank Digital BCA (BCA Digital), a subsidiary engaged in digital banking.

Andre Simangunsong is the Head of the Mandiri Institute. He leads the Bank’s research initiatives on consumer spending and digitalization. He also initiated the Mandiri Institute flagship report on ESG Implementation in Indonesia as part of Bank Mandiri's contribution to policy formulation on sustainability. 

Before Bank Mandiri, Andre Simangunsong was a consultant and economist at several international organizations, including the World Bank, Knowledge Sector Initiatives, and AIPEG. He works mainly to support the Government of Indonesia’s agenda on investment, international trade, and economic growth.
 
Andre Simangunsong holds a Master's in Applied Finance and Economics from the Victoria University of Wellington.

Appointed as Director of the Company at the Annual General Meeting of Shareholders (AGMS) on March 20, 2018. Reappointed as Director at the AGMS on March 31, 2023.

Qualifications/Educational Background
Earned a Bachelor of Arts degree in Economics from Binghamton University, United States.

Work experience

Joined the Company in 2017. Previously served in HSBC Group including as President Commissioner of PT HSBC Securities Indonesia since 2016, Chief Risk Officer of PT Bank Ekonomi Raharja Tbk since 2014. Held several senior positions such as Senior Vice President in Business Banking, Human Resources, Global Banking, Credit Risk Management at HSBC Indonesia since 1998.

He started his career as a Management Trainee at PT United Overseas Bank Bali at PT Bank Modern Tbk before joining HSBC Indonesia.

Duties and responsibilities
Risk Management.

Maya is a practitioner with more than 18 years of professional experience in the electricity industry, especially in Corporate Finance. She has been the Executive Vice President of Corporate Finance PT PLN (Persero) since October 2022. She is also the President Commissioner of PT PLN Indonesia Power Renewables.

Before her current position, she held many positions in PLN related to Financial Institutions & Market Research, Offshore Funding, Loan Monitoring and Reporting, and other various functions.

Maya has experience working on various transactions in PLN, such as Export Credit Agency (ECA), two-step loans, development bank financings, asset securitization, local bank loans, local bonds, and sukuk, as well as international bank loans and global bonds in USD, EUR, and JPY.

Maya holds a Master ’s degree in Financial Mathematics from The University of Queensland and a Bachelor’s degree in Industrial Engineering from Gadjah Mada University.

Ray Tay is a Associate Managing Director in Moody’s Project and Infrastructure Finance Group. Based in Singapore, Ray covers project finance, transport, utilities and other infrastructure credits in Southeast Asia and India. Ray also authors research and conducts outreach focused on topics such as project bonds and the role of funding diversity and credit enhancement in bridging the infrastructure gap, particularly in emerging markets. Ray is also a member of Moody’s APAC ESG Working Group.

Before joining Moody’s in 2012, Ray was a Director with the Global Infrastructure & Projects Group in KPMG. Ray has also worked as a Senior Business Analyst with the Singapore Power Group, focusing on regulatory economics in each of its principal local operating subsidiaries.

Ray holds a Bachelor’s in Economics with honors from the National University of Singapore.

Jacintha Poh is an Associate Managing Director for the Corporate Finance Group at Moody's, based in Singapore. She leads a team of analysts who are responsible for Moody's nonfinancial corporate ratings and research in the South and Southeast Asia region.

Jacintha joined Moody's in 2012 taking several Lead Analyst roles, where she demonstrated her ability to execute complex analyses across a diverse range of sectors, including real estate, hospitality, and investment holding companies.

Before joining Moody's, Jacintha worked for Lion Global Investors, where she served as a Credit Analyst on the Fixed Income team. Jacintha holds an honors BSc in Accounting and Finance from the University of London.

Eugene Tarzimanov is a Senior Vice President in the Financial Institutions Group in Asia. Based in Singapore, he is the Lead Analyst for banks in Southeast Asia, including Singapore, Malaysia, Vietnam, Sri Lanka and Bangladesh. 

Eugene is also responsible for coordinating banking research across Asia Pacific, and actively represents Moody’s to regulators, investors and the media on analytical and methodological views. Eugene moved to Singapore from Moody’s Moscow office, where he covered the largest banks in Russia, as well as financial institutions in Europe and the Middle East.

Before joining Moody’s in early 2009, Eugene held senior positions during his five years with Standard & Poor’s, where he was responsible for the analysis of banks in Europe and the Middle East. He has also worked at the CEO’s office of Bank VTB, where he was responsible for inhouse research.

Eugene holds an MBA in financial management from New York’s Pace University, and a BSc in international economics from Moscow’s Finance Academy.

Martin Petch is a Vice President – Senior Credit Officer with Moody’s Sovereign Risk Group. Based in Singapore, he covers a portfolio of sovereign credits in the Asia Pacific region – including China, Australia, Hong Kong - as well as credits in Central Asia and the Caucasus. Martin joined Moody’s in 2017, after working as the Manager of Economic Analysis and Research with BHP Billiton covering its key commodity markets, China, Japan and India, economies in the South East Asian region, and the major advanced economies.

Martin also held various positions with the Australian Commonwealth Treasury, the Commonwealth Bank and the Australian Industry Group.

Martin was a graduate in Economics from the University of Western Australia.

Spencer Ng is a Vice President – Senior Credit Officer in Moody’s Public, Project & Infrastructure Finance team. Based in Singapore, Spencer is responsible for project finance and infrastructure credits, including power utilities, renewables and airports in South and Southeast Asia.

Prior to joining Moody’s in 2007, Spencer worked for Ernst & Young Transactions Advisory Services in their Project Finance team. Spencer has also held various analytical and accounting roles at ANZ Bank, JP Morgan and State Street Australia. 

Spencer holds a Bachelor of Economics and a Master of Commerce from the University of New South Wales. He is also a CFA charterholder.

Deborah Tan is a Vice President within Moody’s Credit Strategy and Guidance Group. Based in Singapore, she leads Moody’s thematic research for India, Southeast Asia and Australia with a focus on producing forward-looking macro-credit insights and outlooks. Her responsibilities also include designing scenario analysis to test the resilience of Moody’s rating methodologies and assessing the impact of these scenarios. 

Prior to joining Moody’s in 2019, Deborah was a macroeconomist at BHP Billiton where she covered both India and the US and led the Group’s interest rate, FX and long-term growth projections for key markets. She has also worked at the Monetary Authority of Singapore and PWC. 

Deborah holds a master’s in Economics from the University of Cambridge and a bachelor of science in Economics from University College London.

Rachel Chua is a Vice President and Senior Analyst with the Corporate Finance Group in Singapore. She covers a portfolio of investment grade and high yield energy companies across the Oil and Gas, and Chemical sectors in South and Southeast Asia. In addition, her coverage also extends to Singapore real estate investment trusts. 

Before joining Moody’s in 2012, Rachel was with KPMG Corporate Finance, where she advised clients on financing infrastructure transactions. 

Rachel holds an MSc in Accounting and Finance from the London School of Economics and Political Science.

Erman Zhang is an AVP-Analyst in Moody’s Project and Infrastructure Finance Group. Based in Singapore, she covers project and infrastructure credits in South and Southeast Asia.

Erman has several years of experience in infrastructure and asset finance. Prior to joining Moody’s, she worked in Mizuho Bank’s Singapore branch, covering a portfolio of major shipping companies. Erman’s previous roles included being a manager at the Singapore branch of bank of China, covering infrastructure and project finance in Southeast Asia, and being a corporate relationship manager at HSBC China.

Erman holds an MBA from the Nanyang Technology University in Singapore, a Master of Science in Economics from the Hong Kong University of Science and Technology and a Bachelor of Arts in Economics from the Sun Yat-Sen University in China. Erman is also a CFA charterholder.

Zi Zhu is an Analyst in Moody’s Project and Infrastructure Finance Group. Based in Singapore, he covers project finance, transport, utilities and other infrastructure credit in Southeast Asia and India.

Before joining Moody’s, Zi worked in corporate coverage team of Societe Generale in Singapore, where he supported bankers in client relationship management and transaction origination. Zi has also worked in Credit Agricole CIB’s DCM team in Hong Kong.

Zi holds a Master of Science in Management from ESSEC Business School in France.

Clarabelle Tan is an Analyst with Moody’s Financial Institutions Group. 

Based in Singapore, she is responsible for Moody’s portfolio of banks and non-bank financial institutions in Indonesia and Philippines. 

Prior to joining Moody’s, Clarabelle was a Senior Associate with PricewaterhouseCoopers Singapore in the Financial Services Assurance team, covering clients in the asset wealth management, venture capital and banking industries. 

Clarabelle holds a Bachelor of Business Administration (Honors), Accountancy from the National University of Singapore.