Jakarta, IDN Times – PT Super Bank Indonesia (Superbank) is set to make its debut on the Indonesia Stock Exchange (IDX) with an Initial Public Offering (IPO) scheduled to commence next month. The digital bank, a proud member of the EMTEK group, continues to be steered by its President Director, Tigor M. Siahaan. Below is a comprehensive profile of the influential figure leading Superbank’s significant market entry.
Before joining Superbank in 2022, Tigor held the esteemed position of President Director at CIMB Niaga for six impactful years, stepping down officially on October 21, 2021. With nearly three decades of extensive experience, Tigor has carved a formidable career path across the financial industry, banking sector, and capital markets. His journey began at Citi Indonesia in 1995 as a Management Associate, where he spent two decades rising through the ranks. He ultimately served as the Chief Country Officer for Citibank Indonesia from 2011, making history as the first Indonesian appointed to this prestigious role. Throughout his tenure at Citibank Indonesia, Tigor also held pivotal positions including Country Head for Institutional Clients Group, Head of Corporate & Investment Banking, and Country Risk Manager. Furthermore, from 2000 to 2003, he served as Vice President in the Institutional Remedial Management Group at Citibank’s Head Office in New York.
Beyond his corporate leadership, Tigor is deeply involved in numerous influential organizations, underscoring his broad impact on the Indonesian financial landscape. Since 2021, he has served as the Head of the Monetary Policy and Financial Services Body at Kadin, and as Deputy Chairman of PERBANAS since 2016. His commitment to mentorship is evident through his role as a Mentor at Endeavor Indonesia since 2012. Tigor is also an Executive Committee Member of YPO Indonesia (since 2008), Head of Banking, Financial Services & Taxation at APINDO (since 2018), and Deputy Chairman of the Indonesian Bankers Association (IBI) (since 2019). Academically, Tigor holds a Bachelor’s degree with a double major in Finance and Accounting from the University of Virginia, Charlottesville, USA, which he obtained in 1995.
Superbank’s upcoming IPO, under the stock code SUPA, aims to raise substantial capital, targeting approximately IDR 3.06 trillion. The company plans to release 4,406,612,300 new shares, representing 13 percent of its fully paid-up capital following the IPO. The shares will be offered to the public at a price ranging from IDR 525 to IDR 695 per share. As per the prospectus released by Superbank, the public offering period is slated for four days: December 10, 11, 12, and 15, 2025. This significant corporate action will be facilitated by four prominent underwriters: Mandiri Sekuritas, Trimegah Sekuritas, Sucor Sekuritas, and CLSA Sekuritas.
Summary
Superbank, a digital bank under the EMTEK group, is preparing for its Initial Public Offering (IPO) next month, led by President Director Tigor M. Siahaan. Tigor joined Superbank in 2022, following six years as President Director of CIMB Niaga and two decades at Citi Indonesia, where he became its first Indonesian Chief Country Officer. He possesses nearly three decades of extensive experience across the financial industry, banking, and capital markets.
Beyond his role at Superbank, Tigor holds key leadership positions in organizations like Kadin, PERBANAS, and APINDO, and is a mentor at Endeavor Indonesia. Academically, he earned a Bachelor’s degree in Finance and Accounting from the University of Virginia. Superbank’s upcoming IPO, under stock code SUPA, aims to raise approximately IDR 3.06 trillion by offering 13% of its shares at IDR 525-IDR 695. The public offering is scheduled for December 10, 11, 12, and 15, 2025.
