Lausanne. Sovereign fund Danantara recently sent some directors of its state-owned enterprises or SOEs to a leadership program in Switzerland.

The fund’s asset management arm has partnered with International Institute for Management Development (IMD). Under this so-called Top Gun Leadership Camp, the young executives of Indonesian government-run businesses learned how to improve their growth strategy, strategic foresight, stakeholder management, and many more. Danantara already has around 844 SOEs, including their sub-subsidiaries, under its wings.

The first batch of this leadership program took place on August 20-24, with as many as 36 director-level individuals from 29 companies taking part. Danantara funded the training and accommodation for those coming from small and medium-sized companies that have budget limitations.

“Danantara supports the transformation of the human capital in the businesses that we manage. We want our best talents to have world-class leadership. This way, the companies can become top-tier and able to compete both regionally and globally,” Danantara’s boss Rosan Roeslani was quoted as saying in a recent press statement. 

The fund is planning to send 120 participants on three batches throughout 2025.

Danantara is also working on C-level programs, including an artificial intelligence (AI) training for executives, that will likely take place this year.