Adrian Toho Parada Panggabean
INDEPENDENT COMMISSIONER
Adrian Toho Parada Panggabean is an Indonesian citizen, born in Jakarta in 1966, domiciled in Jakarta, Indonesia. He received his Doctor of Philosophy degree in Public Finance, Faculty of Commerce and Social Science, University of Birmingham, United Kingdom, April 1997. His Master of Social Science degree in Development Finance, obtained from the Faculty of Commerce and Social Science, University of Birmingham, United Kingdom, November 1992. He holds a Bachelor of Economics, from the Faculty of Economics, University of Indonesia, Jakarta, Indonesia, November 1992. Currently he serves as an Independent Director and member of the CIMB Group Board Risk and Compliance Committee for CIMB Bank, CIMB Islamic, CIMB Investment Bank since August 2024. Independent Commissioner of Raiz Invest Indonesia, February 2024-August 2025. Technical Advisor/Consultant Asian Development Bank, Philippines, since January 2024. Technical Advisor/Consultant BRI Research Institute (BRI Rins), January 2024 – August 2025. Consultant Climate Policy Initiative Indonesia/USA, end of April 2024.<br />
He was also a Technical Advisor/Consultant at Panta Rhei Strategies, Hilversum, June – September 2022; Technical Advisor/Consultant at PT Sarana Multigriya Finansial, May 2021 – May 2022; Consultant at PT BRI-Danareksa Sekuritas, May 2021 – November 2021; Executive Vice President, Treasury and Capital Market Directorate at PT Bank CIMB Niaga Tbk, Indonesia, October 2016 – May 2021; Expert Staff to the Chairman of the National Cyber and Crypto Agency (BSSN) of the Republic of Indonesia, January 2020 – February 2022; President Director of PT Sucorinvest Asset Management, March 2011 – June 2016; President Director PT AAA Asset Management, October 2014 – September 2015.<br />
Apart from that, he served as Associate Director / Head of Intermediary Business at Schroder Investment Management Indonesia (SIMI), March 2011 – August 2014; Economic Adviser / Deputy Permanent Secretary at Economic Planning and Development Department, Prime Minister's Office, Government of Brunei Darussalam, April 2005 – April 2010; Economist at Asian Development Bank, Philippines, August 2001 – April 2007; Southeast Asia Economist / Vice President at Equity Research Department, Nomura International Hong Kong / Nomura Singapore, October 1999 – May 2001; Economist / Policy Development Advisor at the United Nations Development Program (UNDP) Indonesia, April 1998 – September 1999.<br />
Then served as Consultant in Public Financial Management and Intergovernmental Fiscal Relations to the Government of the Republic of Indonesia, May 1997 – September 1999; Member of an Advisory Team to the Minister of Finance of the Republic of Indonesia (Dr. Bambang Subianto), on Intergovernmental Fiscal Relations; Member of Panel of Fiscal Experts - consisting of senior officials of the Finance Ministry and a few members from universities, on Local Government Finance (1998-1999); Member of the Ministry of Finance Working Group, to prepare the draft Law on Fiscal Balance; Member of the drafting team for the new “Law on Fiscal Balance” -- later enacted as Law No.25/1999 on “Intergovernmental Fiscal Balance”; Consultant to the Ministry of Finance, Republic of Indonesia Team Leader (1999). Designing the new allocation formula for the intergovernmental grants system; Consultant to the Ministry of Finance, Republic of Indonesia. Team Leader (1999). Assessing the impact of the Asian financial crisis on regional finance in 22 regions in Indonesia.<br />