Bank Indonesia’s Deputy Governor Rochadi Dies in New York
July 11, 2011, 7:01 AM EDTBy Novrida Manurung
(Adds central bank statement in first paragraph.)
July 11 (Bloomberg) -- Bank Indonesia Deputy Governor Budi Rochadi died yesterday in New York, where he was visiting to attend a conference on bank notes, the central bank said in a statement on its website, without specifying a cause of death.
Rochadi died about 6:30 p.m. local time July 10, Anto Prabowo, an executive analyst at the central bank’s research and bank regulation department, said in a mobile-phone text message today.
Rochadi, who as deputy governor was responsible for settlement systems among the country’s banks, was named to the position by President Susilo Bambang Yudhoyono in January 2007, according to a biography posted on the central bank’s website. He was 60, the biography says.
“Budi Rochadi’s death won’t have a significant impact on Bank Indonesia’s operations as he focused on payment systems,” said Fauzi Ichsan, a Jakarta-based senior economist at Standard Chartered Plc.
Bank Indonesia will hold its monthly policy meeting to decide on its benchmark interest rate tomorrow as planned, Muliaman Hadad, a deputy governor at the central bank, said by telephone today.
Rochadi was born in Solo, Java, on March 24, 1951, according to the central bank’s website. He graduated with a Bachelor of Economics degree from the University of Gajah Mada, Yogyakarta in 1975, and earned a Master of Economics from Michigan State University in the U.S., according to the website.
He joined Bank Indonesia in 1975, and held positions as head of Bank Indonesia Semarang, Indonesia Medan Leader Bank, and Bank Indonesia’s head office in Tokyo. Rochadi served as senior director of bank supervision before being named a deputy governor, according to the website.
--Editors: Greg Ahlstrand, Stephanie Phang
To contact the reporters on this story: Novrida Manurung in Jakarta at nmanurung@bloomberg.net
To contact the editor responsible for this story: Stephanie Phang at sphang@bloomberg.net
