Indonesia Become the First Country Have UK Export Finance Country Head

JAKARTA (TheInsiderStories)Indonesia has become the first country in the world to have a United Kingdom Export Finance (UKEF) Country Head to be based in-country.

UKEF is the UK Government’s Export Credit Agency, helping buyers around the world to trade with UK suppliers by offering attractive financing options. Richard Michael has been appointed to the newly-created post in Jakarta, leading UKEF’s efforts to grow the UK-Indonesia trading relationship.

British Ambassador to Indonesia Moazzam Malik said, the choice of Indonesia as UKEF’s first overseas presence demonstrates the importance the UK attaches to the further development of Indonesia as a key trading and investment partner.

“There are significant opportunities for the two countries to cooperate in the key priority sectors as identified by the current administration, such as infrastructure, and where the UK can add a lot of value,” He said in a statement on Tuesday (20/02).

Richard Michael, the new country head for Indonesia added, UKEF is one of the few export credit agencies able to provide finance in local currencies, including the Rupiah.

Michael will be based in the British Embassy in Jakarta, working closely with the teams involved in promoting the UK-Indonesia business relationship. He has lived and worked in Asia Pacific for almost 30 years, of which about half that time has been spent in Indonesia.

His most recent position before joining UKEF in December 2017 was Head of Private Client Advisory at Indonesia Infrastructure Finance. Richard is a graduate in History & Modern Languages from Magdalen College, Oxford and has a Master of Business Administration degree from Leicester University