Veronica Lukito

Chief Executive Officer and Managing Director, Ancora Capital Management (Indonesia)

Veronica Lukito is the Founder & CEO of Berkeley Investment Asia, an investment firm managing family, office, and institutional funds across asset classes, including venture, real estate, and alternative finance. Since 2015, Veronica has served as a member of the International Reference Group, which advises Australia’s DFAT on the Innovation Exchange.

Veronica previously founded Ancora Capital Management, where she was the CEO and Managing Director for seven years. Ancora is an Indonesia-focused private equity fund management firm founded in 2007. Since then, Ancora and its predecessor entities have invested close to $US400 million, primarily in natural resources, consumer-related and similar businesses, and special situations.

In addition to establishing a type of business still distinctively new to Indonesia, Veronica was involved in setting up various investee companies for the firm’s investments in plantation, health care, and education. With a breadth of experience on the ground, she is deeply knowledgeable of Indonesia’s intricate investment and startup environments.

Before becoming an entrepreneur and private equity investor, Veronica was a vice-president in the investment banking division at J.P. Morgan in Indonesia and handled client relationships and sourced and executed numerous transactions encompassing financing, acquisitions, and corporate restructuring deals. Prior to JP Morgan, Veronica spent two years at Indosat, the second-largest telecommunication operator in Indonesia.

Veronica started her career in investment banking as an assistant vice-president at PT Bahana Securities, which was the de-facto partner of Goldman Sachs in Indonesia. Veronica also spent three years as a corporate and credit banker at Citibank N.A. in Jakarta, handling top-tier Indonesian conglomerate relationships. Veronica earned Bachelor’s in Business Administration from the Haas School of Business at the University of California, Berkeley. She also completed the Advanced Management Program at Harvard Business School.

Veronica was named one of the 10 Inspiring Women by Forbes Indonesia in 2013 and Asia’s Power Business Women by Forbes Asia in 2014.