Krisna Wijaya Resigns from LPS

The Executive Chairman of Indonesian Deposit Insurance Corporation (LPS) Krisna Wijaya has resigned from his post starting January 1 2008.

Firdaus Djaelani, the director of Guarantee and Risk Management of LPS, will temporary take over the job. Krisna has been in that post starting September 22 2005, accompanying Rudjito as the Chairman of Board Commissioner of the agency.

Krisna said he will focus to get his doctorate degree from Gajahmada University.

"The next executive chairman will be assigned later as it has to be assigned by President. For time being the job will be handled by Firdaus Djaelani," he said yesterday.

He said repeatedly that LPS is designed to become market stabilizer. In this regard LPS has placed its money at sovereign bonds and Bank Indonesia's promissory notes.

Krisna was graduated from Bogor Agricultural University and got his master degree from Gajahmada University. In 1980 he became staff member of BRI, and in 1083 he became Senior Leasing Officer of PT Sanwa BRI Leasing.

In 2000 he become operational director of BRI and in 2003 he become micro and retail banking director of BRI. In 2005 he joined LPS.