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Executive Column: Kroll aims to shine light on supply chains in Indonesia
Tom Everett Heath, head of forensic investigations and intelligence at Kroll, spoke to The Jakarta Post’s Divya Karyza about the risk and financial advisory firm’s take on risk management trends in Indonesia.
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Tom Everett Heath, global head of forensic investigations and intelligence at Kroll. (Kroll/-)
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em>Kroll global head of forensic investigations and intelligence Tom Everett Heath spoke to The Jakarta Post’s Divya Karyza about the risk and financial advisory firm’s take on risk management trends in Indonesia.
Question: What is your experience in investigating risk, infrastructure bottlenecks and sensitive industries in Indonesia?
Answer: I will talk generally about what we do and how Indonesia would fit into that context, as we also just opened an office in Jakarta last year, an important part of the expansion of our local footprint. But we have been doing work in Indonesia for 20 years from our Singapore office and other regional offices.
We help clients, first, make good or better decisions by giving them the information, the intelligence and the analysis, on which they can base those decisions as a way of avoiding risk. Second, we do market entry work, or what we call investigative due diligence, which is about how you understand counterparties and transactions.
The second sort of bucket is the cure. If the first one is prevention, the second one is the cure. Usually, when something is going wrong, something has been lost, often money, sometimes reputation, could be regulatory protection. We do it for what I can at least call the private sector liquidity pools, by which I really mean investors, and they could come in the form of equity funds, hedge funds, sovereign wealth funds, people who are deploying capital for the sake of deploying capital.
I’m not going to discuss in detail our clients, as we take client confidentiality really seriously, [...] but we should make it clear that one of the reasons why we opened our office in Jakarta is a reflection of the demand we have from our global client community, the interest in Indonesia and the appetite to invest in the country, and to want to understand it better, as well as a recognition that we would be doing more and more work for Indonesian clients who want to have somebody locally available.
Kroll has been working in Indonesia for over twenty years. Why establish an office here? Is there a significant rise in demand for your services here?
