NWP Retail Hires Adhy Wibisono

NWP Retail Appoints Adhy Wibisono as Chief Financial Officer 

NWP Retail Appoints Adhy Wibisono as Chief Financial Officer 

New Hire Strengthens Leadership Team and Accelerates Commercial Real Estate Expansion Across Indonesia 

NWP Retail, one of the largest and fastest-growing commercial real estate (CRE) platforms in Indonesia, which includes co-founder Warburg Pincus as its largest shareholder, today announced that it has appointed Adhy Wibisono as Chief Financial Officer and a member of its Board of Directors. 

Adhy has more than 20 years of extensive international finance, corporate governance, and commercial leadership experience in the US, Europe, and Asia; most recently as the CFO of GoPay, Gojek’s digital financial services and technology arm; where he was a key member of the core Gojek management team which raised over $1B in equity financing in 2020 and oversaw the expansion of its online payments and Pay Later consumer financing businessesboth of which grew more than 2.5x last year.  

Prior to GoPay, the Penn State MBA graduate served as CFO of  Combiphar, one of ASEAN’s leading health care companies, during its transformation into a consumer healthcare company; and previously was based in the US and Europe in commercial and financial leadership roles with then private equity portfolio companies, The Hertz Corporation and inVentiv Health (now part of Syneos Health), where he helped contribute to operational improvements facilitating the companies’ successful private equity exits via an IPO and a merger, respectively. 

Timothy Daly, President Director and CEO of NWP Retail, stated “I am delighted to welcome Adhy to NWP Retail’s senior leadership team.  Adhy has a unique background and an exemplary track record of developing commercial acumen and enhanced analytical capabilities in Finance organizations to not only improve profit margins in existing businesses, but also identify new and complementary areas of profitable growth.  exceptional results.  Add additional comment TJD” 

”I am excited to join NWP during this expansion stage of its growth trajectory, and the inevitable growth of Indonesian cities across the archipelago.  Fueled by a combination of large market size, rising middle-class, favorable demographics, and the simultaneous under-penetration of both modern retail and digital infrastructure, Indonesia’s commercial ecosystem has the necessary components to chart a state of the art transformation. NWP Retail is strategically positioned to benefit from and expedite this transformation in SE Asia’s largest market and a top 10 global economy of the next decade.” 

“I look forward to working with the NWP Retail and Warburg Pincus teams, whose proven collective experience in building innovative real estate platforms,,; together with the support of NWP Retail’s other shareholders, will allow NWP Retail to further expand its successes to date”. 

Since inception, NWP Retail has grown rapidly to become one of Indonesia’s largest real estate platforms, with a portfolio of 49 projects covering over 1.1 million square meters of gross floor area (“GFA”). The platform has expanded its footprint by over eleven-fold in five years, from four seed projects to 49 projects today.