Investing in the Future

Managing Partner

Denny Goenawan is the Managing Partner of Indies. He brings over 30 years of experience in special situations, asset management, and investment banking, having held senior roles at Citigroup, Salomon Smith Barney, and Credit Suisse. Before founding Indies in 2009, he was Managing Director and Head of Southeast Asia at Citigroup’s Special Situations Group. Denny holds a BA in Finance and International Business from the University of Washington.

Partner

Pram Kurniawan is a Partner in the private credit team. He brings over 30 years of banking experience across major Asian markets, having held senior roles at Maybank Kim Eng, Credit Suisse, UBS,and Barclays. Prior to joining Indies in 2017, he was Managing Director and Head of Investment Banking at Maybank Kim Eng Indonesia. Pram holds an MBA from the Rotterdam School of Management, Erasmus University, and a BS in Electrical Engineering from Trisakti University.

Partner

Harold Ong is a Partner in the private equity team. He joined Indies in 2018 after 14 years with The Carlyle Group, where he was a Director in the private equity team, managing investments across Indonesia, Singapore, and Malaysia. Harold began his career as an investment banking analyst at Credit Suisse. He holds dual Bachelor’s degrees in Commerce (Finance) and Law (Hons) from the University of Melbourne.

Senior Advisor

Jonathan Chang is a Senior Advisor at Indies. A seasoned financial industry veteran, he previously held leadership roles including Country Chairman of Jardine Matheson in Indonesia and Commissioner of Astra International. Jonathan also served as Indonesia Country Head for UBS, JP Morgan, and Jardine Fleming. He is a Certified Public Accountant and holds a Bachelor of Business in Accounting from Monash University.

Partner

Dhanny Ruslie is a Partner in the private credit team. Prior to joining Indies in 2015, he was a private equity investment analyst at Headland Capital, managing deal execution and portfolio management for buyout and minority investments in Southeast Asia. Earlier, Dhanny worked as an investment banking analyst at Citigroup, focusing on M&A, debt, and equity financing. He holds a Bachelor of Business Management (Finance and Accounting) from Singapore Management University.

Partner

Wewoen Salim is a Partner in the private equity team. Prior to joining Indies in 2012, she was a senior fund accountant at Citibank and BNY Mellon, managing hedge fund clients across Southeast Asia. Wewoen is a CFA charterholder and holds a Bachelor of Business in Finance and Accounting from Nanyang Business School, Singapore.

Partner

Hanli Mangun is a Partner in the private credit team. Prior to joining Indies in 2025, he spent over a decade at Värde Partners, leading private credit investments across Asia (excluding India). He has also held positions at King Street, Ripplewood, and Goldman Sachs. Hanli holds an MBA from Harvard Business School and dual Bachelor of Science degrees in Finance and Systems Engineering from the University of Pennsylvania.

Director

Bill Lo is a Director in the private equity team. Before joining Indies in 2022, he was Vice President at The Carlyle Group, advising on buyouts and growth equity in Southeast Asia, particularly Indonesia. Bill also worked in investment banking at UBS Jakarta and Salem Partners in Los Angeles. He holds a Bachelor’s degree from the Haas School of Business, University of California, Berkeley.

Director

Randall Aluwi is a Director in the private equity team. Before joining Indies in 2022, he was the Head of Investment at GoTo Group, leading over 20 investments and serving on Tokopedia’s investment board. He also held senior roles at Tokopedia and investment banking positions at Bank of America Merrill Lynch and Piper Sandler. Randall holds a BSc from Carnegie Mellon University and an MBA from UCLA Anderson.

Senior Vice President

Vivien Foo is a Senior Vice President in the private equity team. She joined Indies in 2019 after progressing from Graduate Trainee to Assistant Vice President at Khazanah Nasional Berhad. Prior to that, she was an Associate in Operations and Finance at PwC Malaysia. Vivien holds a Bachelor’s degree in Accountancy from the University of Malaya and has passed CFA Level 1.

Senior Vice President

Yessica Kosasih is a Senior Vice President in finance, operations, and human resources. She joined Indies in 2014 after working as an audit associate at Ernst & Young and as a senior auditor at RSM Chio Lim, where she managed audits for fund managers, investment holdings, and manufacturing companies. Yessica holds a Bachelor of Business and Commerce (Accounting and International Business) from Monash University (Malaysia Campus).

Investor Relations

Colin Chua is a Vice President in investor relations. He joined Indies in 2022 after progressing from Operations Analyst to Associate at Golden Equator Capital, and previously worked as an Operations Analyst at Citco Fund Services. Colin holds a Bachelor of Finance from the Singapore University of Social Sciences. He is a CFA and CAIA charterholder and has completed the CFA Institute Certificate in ESG Investing.