KNews.id- Medium height. He is humble and full of humor. Speak frankly as it is, but with weight; full of experience, knowledge, and insights that are "gold". Although his achievements in the world of capital markets are extraordinary, from his light and funny manner of speaking, he looks more like a fun chat friend, still mediocre and far from being an economic elite.
The term of office of the directors of PT Bursa Efek Indonesia (IDX) will end in June 2018. It is planned that on June 25 2018, the appointment of the BEI directors will be ratified at the General Meeting of Shareholders (GMS). Recently, the Financial Services Authority (OJK) announced four packages of candidates for the IDX directors for the 2018-2021 period. The incumbent President Director of the Indonesia Stock Exchange (IDX), Tito Sulistio, is one of the most advanced names.
Tito Sulistio's Career Journey
The man who was born in Bogor, July 5, 1955, successfully completed his doctoral studies at UPH with his dissertation entitled "People's Privatization". Uniquely, Tito graduated on Saturday (13/6/2015), a few hours after the OJK announcement that he was asked to replace Ito Warsito as the President Director of IDX.
Previously, Tito studied undergraduate studies at the Department of Economics, University of Indonesia in 1982. Meanwhile, he obtained a master's degree from the Institute d'Enseignment Superieur Lucier Cooremans, Brusells, Belgium, in 1986. A series of experiences in the capital market authorities, associations and issuers have colored the career path of this man who likes antique motorbikes. After graduating from college, Tito worked as a Marketing Coordinator at PT 3M (Minnesota, Mining and Manufacturing) Indonesia.
After a year, Tito decided to move into the consumer goods industry by becoming the Senior Brand Manager for Food & Drinks of PT Unilever Indonesia Tbk. In the issuer coded UNVR shares, Tito worked for 6 years, namely in 1983-1989.
At the end of the 80s, Tito turned and anchored the Penta Group (Pentasena Arthasentosa, Warta Arta, Money Broker). At the Penta Group, Tito was appointed as CEO. A year serving as the boss of the Penta Group, Tito's career has become even more brilliant.
While serving as CEO of the Penta Group from 1989-1994, Tito became a lecturer at the Institute for Finance and Accountancy Management in 1990-1991. Not only that, he also served as a member of the Preparatory Committee of MoF (Forming the Jakarta Stock Exchange) in 1990-1991 as well as a member of the Asia Pacific Capital Market Study, conducted by Arthur Anderson International.
Tito began to enter the world of capital markets in 1992 by serving as a commissioner at the Jakarta Stock Exchange until 1994. At the same time, he was chair of the Jakarta Broker Club, Deputy Chair of the Indonesian Underwriters Association (KPEI), Commissioner of PT Kliring Deposit Efek Indonesia (IETO) ), as well as a commissioner of PT Pemeringkat Efek Indonesia (Pefindo). Tito also served as commissioner of the Indonesian Parallel Exchange (BPI) from 1993-1994.
In the following period, he was appointed as the main director of BPI. Apart from all these positions, in 1995-1998 he served as the president director of the Surabaya Stock Exchange. While serving at BES, Tito was also the Finance Director of PT Citra Marga Nusaphala Persada Tbk to be precise in 1995-1999. In the same period, he joined the company owned by the Cendana family, Siti Hardianti Rukmana, PT Cipta Televisi Pendidikan Indonesia as managing director.
Right in the millennium era, Tito founded the print media company PT Media Investor On Line, and became the managing director. After staying for 2000-2003 at Media Investor, Tito joined the conglomerate group owned by Hary Tanoesoedibjo and served as CEO of PT Media Nusantara Citra Networks in 2004-2007. Stepping down as CEO, Tito served as commissioner of PT Media Nusantara Citra Tbk (MNCN) from 2007 to 2009.
Before nominating as President Director of the IDX in the 2015-2018 period, Tito held positions in five different companies, including Commissioner of PT Mitra International Resources Tbk, Deputy President Director of PT Citra Marga Nusaphala Persada Tbk (CMNP). Tito also serves as Commissioner of West Java BUMD PT Jasa Sarana, Managing Director of PT Gerai Motor Terpadu-Triumph Motorcycles Exclusive Official Dealer Jakarta, and Managing Director of Magenta Kapital Indonesia.
IDX under Master Tito
Looking at Tito's long line of career experiences, it is no wonder that the IDX has gained many achievements while being led by him. Throughout 2017, the capital market recorded brilliant achievements. At the close of trading at the end of 2017, the Composite Stock Price Index (JCI) recorded an all-time high by rising 41.61 points or 0.66% to 6,355.65.
In that year, the frequency of trading on the capital market also increased by 20%, making the Indonesian capital market more liquid than other exchanges in ASEAN. Meanwhile, 37 companies listed on the capital market throughout 2017 had an average of 2.2 times oversubscribed.
Based on the AC Nielsen survey, capital market literacy increased from 4.3% in 2016 to 15% in 2017. This increase was partly the result of the Yuk Nabung Saham Campaign which has been promoted by IDX since 2015.
During the two years of Tito Sulistio's leadership, the Indonesia Stock Exchange scored a record market capitalization value of IDR 6,295,463 trillion. The Composite Stock Price Index (JCI) recorded a record high of 5,757.43. The number of investors has also increased by 44% in the last 2 years.
Besides providing benefits for domestic investors, the capital market also provides benefits for foreign investors. It is recorded that foreign investment in 2016 amounted to IDR 1,691 trillion, increasing to IDR 1,958 trillion in 2017.
Trading activity on the IDX has also increased as reflected in the increase in trading frequency which grew by almost 20% and made the trading liquidity of IDX shares more liquid than other exchanges in the Asian region.
At the same time, the amount of funds raised also reached the highest value in history, reaching more than Rp. 802 trillion, originating from IPOs, issuance of additional new shares (rights issue), conversion of warrants, securitization of assets and issuance of government, BUMN and government bonds. private.
Awards won by IDX and Tito
Also in 2017, IDX won the Best Companies To Work in Asia 2017 award from HR Asia. The Best Companies To Work in Asia 2017 award from HR Asia is based on the results of a survey of employees regarding the company and the level of job satisfaction in each company.
The award was given because the IDX managed to improve its position as a company worthy of being a place of work, from position 21 to 12th among several companies in Asia.
Previously, the Stock Exchange also recorded several awards, namely the information security management system ISO 27001: 2013 since 2015. The Indonesia Stock Exchange was also awarded the Best Supporting Institution of The Year 2016 by the Global Islamic Finance Award. In February 2018, the incumbent President Director of IDX was selected as the recipient of an appreciation for the work of UI alumni in the capital market sector.
The award was given to Tito because Iluni UI (University of Indonesia Alumni Association) assessed that Tito succeeded in bringing the IDX to the highest index in history during his tenure. (AHM)
