The new leader foresees “a need for growing M&A and financing transactions” as Indonesia’s economy recovers from COVID-19
Norton Rose Fulbright’s (NRF) associate firm in Indonesia, TNB & Partners, had welcomed a new managing partner.
Tasdikiah Siregar, who has led TNB since it launched in Jakarta in 2016, passes the torch to Kresna Panggabean, who co-heads the firm’s corporate team.
Panggabean has worked in corporate and commercial law for about 20 years, and has collaborated with NRF Australia partners for over 15. He is also at the helm of TNB’s dispute resolution group.
His clients include local and global organisations in the energy, mining, commodities, technology and healthcare industries.
“As Indonesia looks to fuel an economic recovery from COVID-19, we foresee a need for growing M&A and financing transactions across a range of sectors, such as energy, mining, healthcare and technology,” Panggabean said. “With its association with Norton Rose Fulbright in Australia, TNB & Partners is well placed to assist the domestic and international clients that will participate in that growth.”
After stepping down as managing partner, Siregar will continue to lead the firm’s banking and finance group.
NRF said in a press release that Indonesia, with the largest economy in Southeast Asia, was a hotbed for investors given its expanding domestic market and stability. Moreover, manufacturers have easy access to natural resources.
“Indonesia has the potential to become one of the leading economies in the Asia-Pacific region in coming years. We congratulate Kresna on this new appointment and are excited to continue to work with TNB & Partners to help our clients pursue opportunities and navigate change in Southeast Asia and around the world,” said Alison Deitz, NRF Australia managing partner.
For 25 years, NRF has been working alongside Indonesian counsel to service its client base in the country.