JPMorgan's big Indonesia hire

JPMorgan has enticed Gita Wirjawan away from Singapore Technologies Telemedia (ST Telemedia) to the firm's Jakarta office. Effective September 1, Wirjawan will serve as JPMorgan's senior country officer for Indonesia and head of investment banking for Indonesia.

Wirjawan replaces Jonathan Chang, who announced his retirement in early June after 15 years with the bank.

In the new job, Wirjawan will split his reporting duties. As JPMorgan's senior country officer for Indonesia, he will report to Ralph Parks, the firm's chairman for Asia. Upon assuming the role as head of investment banking for Indonesia, Wirjawan will also report to Philip Lee, CEO for JPMorgan Southeast Asia and head of investment banking for Southeast Asia.

At Temasek Holdings-owned ST Telemedia, Wirjawan was a senior vice president and helped lead the company's investments in both Indonesia and India. Before this role, the native Indonesian spent four years with Goldman Sachs as a senior banker. In this capacity, he worked on several key M&A deals for Goldman including the acquisition of strategic stakes in Telkomsel by SingTel and in Indosat by ST Telemedia.

He also spent two years at Goldman's Indonesian joint venture, Bahana Securities, as a director in corporate finance.

Wirjawan's CV also includes experience as a vice president with Citibank Jakarta, and a public accountant stint in Miami with Morrison Brown Argiz & LLP.

"Gita brings invaluable experience and capabilities from his previous positions as a senior investment banker and as a corporate executive," says Parks. "Drawing on this rich background and the firm's broad capabilities, Gita will further develop our Indonesian business, advising corporations and government entities on a broad range of financing and strategic issues."