Rothschild has hired Sam Critchlow from J.P. Morgan Cazenove to build up its mergers and acquisitions coverage for Indonesia.
Critchlow joins Rothschild in the area of natural resources coverage, as a vice-president. He will also work on executing deals across Southeast Asia, with a particular focus on mining. Critchlow will be based in Rothschild's Jakarta office and will work closely with the head of Rothschild in Indonesia, Larry Sutikno, as well as with the Rothschild Singapore team and the Rothschild global mining team, led in Asia-Pacific by Marshall Baillieu in Sydney.
Critchlow last worked in the UK corporate finance team at J.P. Morgan Cazenove in London, covering a range of mining and industrial companies, and providing M&A and equity capital markets advice. He has also worked at Schroder Investment Management in London and New York.
The opportunity to strike remunerative deals in Indonesia is encouraging a number of firms to strengthen their Indonesia coverage. Credit Suisse has long been known for earning healthy fees from Indonesia under the watch of Helman Sitohang who currently co-heads investment banking for Asia at the Swiss bank.
Private equity firm Affinity Equity Partners recently poached Inghie Kwik from Morgan Stanley to lead its foray into Indonesia. Kwik, who was president director of Indonesia at Morgan Stanley, is expected to help Affinity source and negotiate deals in Indonesia. Kwik joined Morgan Stanley in 2007 and built up the firm's presence in Indonesia. He will continue to be based in Jakarta in his new role at Affinity. Morgan Stanley is expected to announce a replacement for Kwik shortly.