Managing Director

Penida Capital, Indonesia

Edward Gustely is the Co-Founder and Managing Director of Penida Capital Advisors Ltd. He has over $30 billion of emerging market experience involving infrastructure and low-carbon investments, capital restructurings and privatizations, and has advised on $7.5 billion of securitization issues including the successful launch of Indonesia’s maiden 30-year global bond. Edward has played a leading role in building Indonesia’s Sovereign Wealth Fund and is credited as the chief architect of the Indonesia Green Investment Fund launched by Indonesia’s President for supporting the country’s low-carbon growth plan.


Edward’s extensive international career has primarily focused on Indonesia and the ASEAN markets. He has co-founded several start-ups and private equity partnerships and served as the Managing Director of Goldhill International where he was responsible for growing it’s corporate finance and transaction management practice from $2 million to over $4.2 billion. He began his professional career with IBM in Germany and the U.S. as a Systems Engineer and Industry Executive. Edward’s public sector engagements include serving as the appointed U.S. Senior Advisor to four-Indonesia Finance Ministers and to the U.S. Treasury.


An Ohio native, Edward holds an MBA in International Finance & International Management from Baldwin Wallace University graduating at the top of his class. He earned his Latin American Studies and BSc.BA degrees from The University of Akron, Ohio.