The Jakarta Post, 26 Jan 2010
PT Bank Danamon’s president director Sebastian Paredes has officially proposed his resignation from the publicly listed bank’s top management post despite his success in significantly improving the bank’s performance. “Temasek remains the controlling shareholder of the bank, and they are very happy with the performance of the bank and the way that we manage the bank,” he said, adding that that his relations with the shareholders were quite good. Singapore Temasek’s subsidiary Asia Financial Ltd. controls a 67.7 percent stake in the bank with the remaining 32.3 percent held by the investing public. Full Story
Danamon boss resigns, denies internal conflict with controlling shareholder Temasek
