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Press release: Michael Lukman establishes PT. Generasi Lukman Indonesia

Updated: Dec 26, 2023

This Jakarta-based company will support organisations wishing to operate in the Indonesian jurisdiction.


 Jakarta, 11 December 2023


Jakarta, Indonesia: Gen Advisory Pty Ltd’s principal and managing director, Michael Lukman, announced today that he has established a Jakarta-based, limited liability Indonesian company named PT. Generasi Lukman Indonesia (“PT. GLI”). This establishment was effective 28 November 2023. 

 

PT. GLI will:

  • support organisations wishing to operate in the Indonesian jurisdiction;

  • leverage off Michael Lukman’s professional experience and core competencies; and

  • represent a “sister company” of, but separate entity from, Michael’s Sydney-based Australian professional services firm, Gen Advisory Pty Ltd.


Considering the long-term growth trajectory of the Indonesian economy, my decision to establish a corporate presence in Indonesia but was a matter of 'when', not 'if'", said Michael Lukman. “PT. GLI's establishment will enhance my team's abiiity to serve the needs of organisations wishing to operate in the Indonesian jurisdiction.”

 

I share Michael’s optimism regarding the Indonesian economy’s long-term growth prospects”, said Clement Fernandez, Gen Advisory Pty Ltd's Head of Licensing and Financial Sector Regulation. “I look forward to supporting clients of Michael and/or Gen Advisory Pty Ltd with an interest in this exciting market.”

 

For more information on how PT. GLI’s establishment will affect Gen Advisory Pty Ltd’s existing clients, please click here.


About Michael Lukman

 

Michael has been the principal and managing director of Gen Advisory Pty Ltd since 2018. He brings over 20 years' international financial sector advisory and regulation experience, having previously worked at: the Australian Prudential Regulation Authority (APRA); National Australia Bank (NAB); and Ernst & Young (EY).

 

Michael previously also served as the Australian Government-backed Financial Sector Regulation and Supervision Adviser in Indonesia. And as an Advisory Board Member of FinMango - a US s501(c)(3) non-profit organisation whose mission is to address economic inequality through opportunity.

 

 


About Gen Advisory Pty Ltd

 

Gen Advisory Pty Ltd is a niche, Sydney-based Australian professional services firm supporting organisations wishing to operate in:

·     the Australian financial sector; and/or

·     the broader Indonesian economy.

 

As financial sector experts, Gen Advisory's expertise is particularly suited (but not limited) to: authorised deposit-taking institutions (ADIs); banks; FinTechs; and other financial sector participants. Our services include: market analyses; training; licensing; regulatory strategy; and project management.

 


Media Contact (PT. GLI)

Michael Lukman

Managing Director, Gen Advisory Pty Ltd / Director, PT. Generasi Lukman Indonesia

E: michael.lukman.lukman@gnad.com.au

P: +61 (2) 8088 0744 (Syd)/+62 21 3111 8111 (Jkt) M: +61 (0)401 444 516 / +62 (0)811 104 2355

Media Contact (Gen Advisory Pty Ltd)

Clement Fernandez

Head of Licensing & Financial Sector Regulation, Gen Advisory Pty Ltd

E: clement.fernandez@gnad.com.au

P: +61 (2) 8088 0744 M: +61 (0) 401 398 427


Note: To download a printable version of the above press release, please click here.  

Press release - Michael Lukman establishes PT. GLI - 11 December 2023 - Final
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