INDONESIAN FINANCIER NAMED TRUSTEE
Mochtar Riady, chairman of the Lippo Group – one of the largest
privately owned banking and financial services companies in Asia – has
been elected to the Board of Trustees.
Riady, a citizen of Indonesia, is the first foreign national to serve as
a trustee of a major research university in the western United States.
“The addition of Dr. Riady to our board reflects the university’s
increasing interaction with the Pacific Rim and the world,” said
president Steven Sample. “His commitment to education has helped create
opportunities for young people on both sides of the Pacific. And as a
trustee of the university, Dr. Riady will heighten USC’s contribution to
a region that has turned to the premier American universities to train
its best and brightest.”
As chairman of the Lippo Group, Riady oversees a wide range of private
and public companies with interests in banking, insurance, finance,
manufacturing and urban infrastructure development projects, including
major investments in Indonesia, Hong Kong, the People’s Republic of
China and other Asian countries.
Riady is chairman of the Asian Bankers Association and serves on the
boards of Trisakti University, in Jakarta; the Satya Wacana Christian
University of Indonesia; the Indonesian Banking Education Foundation and
the Friends of the Environment Fund.
A major contributor to the economic growth of Indonesia, the Lippo Group
has also been involved in educational development. School systems and
universities are integral to three of the group’s latest urban
development/new township projects – Lippo City, Lippo Village and the
Royal Sentul Highlands, located in suburban Jakarta.
Riady, whose parents emigrated to Indonesia from China’s Fujian
province, was born in Malang, East Java, Indonesia. His business success
story is classically entrepreneurial: Riady began as the proprietor of a
bicycle shop in central Java, and in the subsequent 40 years has
parlayed his original investments into a multinational enterprise with a
market capitalization of more than $3 billion.
Riady attended the Eastern College of Chung Yang University, in Nanking,
Riady and his wife, Sury-awaty, have six children, including son
Stephen, 34, a graduate of the School of Business Administration, who
with his brother now runs some of the Lippo Group’s major operations.
[Photo:] Mochtar Raidy