Friderica Widyasari Dewi is the President Director of KSEI, the Indonesia Central Securities Depository. As the President Director, Friderica sets the strategy as well as the mission and vision for the Depository and Settlement Institution. We sat down with Friderica to learn how she started a career in the capital markets, and what advice she would give to professionals who aspire to be in the finance and technology industry.
1. How did you become involved in the technology industry & capital markets?
After graduated as bachelor in economics in Gadjah Mada University (UGM), Indonesia, and MBA in finance in California State University, USA, I then started to work in capital market industry in Indonesia by joining Jakarta Stock Exchange (now known as Indonesia Stock Exchange). I saw that the Indonesia capital markets had huge potency to grow in term of the size of the market, number of investors, listed companies, product developments, and many more. This has made working in SRO very interesting and challenging. I feel very lucky to be able to take parts and contribute to the developments and innovations of the Indonesia capital market.
2. Why did you choose to pursue a career in finance & technology?
Why Finance? Well, because Finance has been my passion that's why I chose economics and finance as my major in universities. When then I joined SRO (IDX and then KSEI), I realized that technology is the backbone of almost all market infrastructure developments in capital markets.
3. Throughout your career, what challenges have you been presented with that you've had to overcome?
Challenge is the most important ingredient for us to work hard and to innovate to overcome the situations. When I first joined the capital markets industry, the Indonesian capital markets were not like what it is today - Very low number of investors, issuers, and products development. Accordingly, the value of the transaction, market capitalization, and other market parameters was also low.
SRO, together with regulators and market participants, has been working together to grow the industry, by working on all efforts to boost supply and demand sides, establishing market infrastructure and regulations, that are needed for the Indonesia capital markets to grow.
Now, the Indonesia capital markets have been growing tremendously, but there are still many ways to grow in the future. For instance, the number of investors, although it has been growing significantly, but compared to the number of the Indonesian population, it is still very low.
But looking at all the potencies Indonesia possesses (i.e. Indonesia is the member of G20 countries, stable economic growth, huge population, rich on natural resources, huge number of potential companies to be listed, etc.), I have a strong belief that the Indonesia capital markets will grow even more and tremendously in the future.
4. How has being a woman in technology impacted your career?
I think technology now has been the backbone of almost all development in capital markets. Being part of it has impacted my career in very positive ways.
5. What advice would you give to young professionals who aspire to be in the financial & technology industry?
Be persistent, optimistic, and confident, yet always to equip yourself with knowledge and skills in finance and technology that make yourself outstanding among others.
Never feel intimidated -After all, it is your skill, knowledge, positive attitude and hard work that will determine your success.