BCA is in the news as Indonesia’s top private bank, with assets over $300B. Hartono, its founder, just died at 86, ending an era.
Michael Hartono, a leading Indonesian businessman and philanthropist, died in Singapore at age 86. He co-led the Djarum Group, a major conglomerate with interests in tobacco, banking, and real estate. Hartono was also a notable bridge player and sports team owner. His death marks the end of an era for Indonesia's business elite.