Lunch with Mr Adam Schwarz on "Indonesia – Assessing the Road Ahead"


Jakarta Governor Joko Widodo has been declared as Indonesia’s next President, sweeping up 53.15% of over 133 million ballots with his running mate, former Vice-President Jusuf Kalla. This presidential election, the third since Indonesia’s transition to democracy, has been hard fought. Peace has prevailed but so has uncertainty. Mr Joko’s opponent, former army general Prabowo Subianto, has said he will challenge the poll outcome. There is little expectation that the election result will be overturned but it is still unclear how the new President will fare when he takes office on October 20, 2014. Mr Joko, who inherits an economy with falling exports, a current account deficit and slowing growth, will have to install crucial infrastructure and cut budget-busting fuel subsidies. He will need to build a stronger base in Parliament if he wants to push through any reforms. What can regional business leaders expect from Indonesia’s new leader and what are the prospects for reform in light of a complex legislative picture? Which developments could hamper the effectiveness of the next government? Read the report — IPS Corporate Associates Lunch: The Road Ahead for Indonesia



Adam SCHWARZ is Founding Partner and President of The Asia Group, LLC, a strategic advisory and investment group specializing in the dynamic and fast-growing Asia Pacific region.

From 2001 to 2013, he worked for McKinsey & Company in Southeast Asia serving private-sector, public-sector and state-owned-enterprise clients in the mining, telecom, infrastructure, agribusiness, and financial sectors. He was one of the global leaders of McKinsey’s Sustainability and Resource Productivity practice, which serves businesses, governments, and development agencies on issues related to green business opportunities, renewable energy, sustainability standards and climate change policy. He has advised clients on issues ranging from strategy, corporate transformation, talent management, board governance, strategic communications, and regional economic integration. On the request of Indonesia’s President Yudhoyono in 2005, he led McKinsey’s year-long support to the Aceh Reconstruction Agency (BRR), an agency established to coordinate and manage reconstruction aid following the devastating Indian Ocean tsunami of late 2004.

Based in Southeast Asia since 1987, Mr Schwarz has a deep set of relationships with business, political and civil-society leaders across the region, and is considered a leading international authority on Indonesia. He has served as advisor to the U.S. State Department, Defense Department, the World Bank and the Comprehensive Partnership between Indonesia and the United States. He is a member of the Chairman’s Advisory Committee at Indonesia’s National REDD+ Task Force; the U.S. Council on Foreign Relations; and the Board of Governors of the American Chamber of Commerce in Singapore.

Prior to joining McKinsey, Mr Schwarz served as Editor-in-Chief of, an online financial publication covering markets from Japan to India. He was an adjunct professor at John Hopkins’ School of Advanced International Studies and at Georgetown University in Washington, DC in the late 1990s, where he taught courses on Indonesia and Vietnam. From 1987 to 1997, he worked as correspondent and bureau chief in Indonesia, Hong Kong, Thailand, and Vietnam for the Far Eastern Economic Review, a weekly news magazine.

Mr Schwarz has written extensively on Indonesia and Southeast Asia, including A Nation in Waiting, a highly-acclaimed work on contemporary Indonesian history. He was awarded a Luce Scholar fellowship from the Henry Luce Foundation, was the 1997-98 recipient of the prestigious Edward R. Murrow Fellowship at the Council on Foreign Relations, and was one of 12 Indonesians and foreigners given a “Hero of Aceh” award by the Indonesian Government for his contributions to Aceh’s reconstruction. He graduated from Duke University with a Bachelor of Arts degree in Economics and holds an MBA degree in International Business from Columbia University, where he was awarded a University Fellowship for Professional Achievement.



By invitation only


If you have any enquiries, please contact Ms Nur Zahidah at 6601-1420 or via email: 
Thursday, 24 July 2014
12.00 pm to 2.00 pm
Ballroom 1 (Level 3), Orchard Hotel Singapore