Business · Companies · 4 hrs ago
JTrust Bank CEO Resigns, Former BSI Deputy Chief Named as Planned Successor
JTrust Bank CEO Ritsuo Fukadai has resigned after leading the Indonesian bank since 2019.
The bank plans to appoint Abdullah Firman Wibowo as its next chief executive, replacing Fukadai.
Firman is currently a JTrust Bank commissioner, and his appointment needs approval from Indonesia’s financial regulator and shareholders.
He previously led Bank BNI Syariah and served as deputy chief executive of Bank Syariah Indonesia.
JTrust says his experience could support growth and strengthen risk management and governance.
By the end of September 2026, the bank had recorded net profit of 57.55 billion rupiah, loans of 31.39 trillion rupiah and assets of 42.12 trillion rupiah.
JTrust Bank CEO Ritsuo Fukadai has resigned, and the bank plans to name Abdullah Firman Wibowo as his successor.
Fukadai’s resignation and Wibowo’s appointment will take effect only after regulatory and shareholder approvals.
Fukadai submitted his resignation letter on October 30, 2026, after serving as CEO since 2019.
Wibowo is currently a member of JTrust Bank’s board of commissioners and previously served as deputy president director of Bank Syariah Indonesia.
At the end of September 2026, JTrust Bank reported net profit of Rp57.55 billion and loans of Rp31.39 trillion.
- Who
- JTrust Bank CEO Ritsuo Fukadai is resigning. The planned successor is Abdullah Firman Wibowo, currently a member of the bank’s board of commissioners.
- What
- The bank announced a management transition, with Wibowo planned to become its next president director.
- When
- Fukadai’s resignation letter was dated October 30, 2026. The bank announced the planned transition on November 4, 2026.
- Where
- JTrust Bank is based in Indonesia.
- Why
- The reason for Fukadai’s resignation was not stated.
This story does not have two clearly opposing sides.
Fukadai began serving as JTrust Bank’s CEO.
Fukadai’s resignation letter was dated and sent to the bank’s shareholders and board of commissioners.
JTrust Bank announced its planned management transition and Wibowo’s proposed appointment.
Fukadai’s resignation and Wibowo’s appointment require approval from the OJK and the General Meeting of Shareholders.
- Planned successor
- Abdullah Firman Wibowo
- Current position
- Member of JTrust Bank’s board of commissioners
- Resignation letter date
- October 30, 2026
- CEO since
- 2019
- Net profit through September 2026
- Rp57.55 billion
- Loans through September 2026
- Rp31.39 trillion
2 sources
What people are saying
The appointment will take effect after obtaining approval from the Financial Services Authority, approval from the General Meeting of Shareholders, and other relevant regulatory approvals.
Thus, the leadership transition to the board of directors will be seamless while maintaining business continuity.
My resignation will take effect after obtaining approval from the OJK and the General Meeting of Shareholders.
For me, this journey has been an extraordinary experience and has contributed greatly to my professional and personal development.