Mark Chadwick | Senior Restructuring Consultant

Restructuring

Mark Chadwick is a Chartered Accountant with more than 22 years’ experience in restructuring, turnaround, and corporate advisory across Australia and Asia.

He has led major restructuring engagements involving over USD 15 billion in debt and advised borrowers, banks, bondholders, and governments on complex transactions. He was previously a Partner at Ferrier Hodgson (Jakarta, Shanghai) as well as a Senior Managing Director at FTI Consulting (Singapore). Mark was also previously an Approved Liquidator in Singapore and has held numerous board positions of both listed and private companies throughout Asia-Pacific, Europe and the United States.

Mark has acted for borrowers / issuers, banks and bondholder groups as well as foreign governments in some of Asia’s largest debt restructuring engagements. He has also prepared expert witness reports pertaining to such issues as solvency, asset dissipation, and Chinese corporate practices as well as several fairness opinions with respect to restructurings seeking sanction via Schemes of Arrangement.

Qualifications

Approved Court Liquidator - Singapore (2012)
Member of the Institute of Chartered Accountants Australia (1999)
Bachelor of Commerce (Accounting), Curtin University (1996)
Graduate Certificate in Aboriginal Studies, Notre Dame - currently being completed

Career History

2026 – Present Executive Chairman, Panorama Resources Pty Ltd
2018 – Present Principal, Perk Capital Advisors / private consulting
2021 – 2026 Non-Executive Chairman, Dundas Minerals Limited
2017 – 2018 Consultant, PPB Singapore
2010 – 2016 Senior Managing Director & Singapore Office Head, FTI Consulting (Singapore) Pte Ltd
2007 – 2010 Partner, Ferrier Hodgson Shanghai
2000 – 2007 Associate Director to Partner, Ferrier Hodgson Jakarta
1994 – 2000 Junior Accountant to Manager, Ferrier Hodgson Perth

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Project / Deal Experiences

Financial Advisor / Scheme Administrator – Fairness opinion report on the reasonableness of the proposed Scheme of Arrangement of Blue Ocean Resources with respect to the restructuring of its US$325 million bond issuance.
Financial / Restructuring Advisor to PT Bumi Resources Tbk, a large Indonesian publicly listed coal miner with respect to the restructuring of its liabilities totalling approximately US$4.2 billion and which included Court protection in Singapore, the USA and Indonesia.
Financial / Restructuring Advisor for the secured bank lenders of PT Berlian Laju Tanker, a large Indonesian publicly listed shipping group, who were owed in excess of US$685 million.
Financial / Restructuring Advisor to the bondholders of PT Central Proteinaprima Tbk, the world’s largest shrimp aquaculture producer, on the restructuring of its US$325 million bond issuance.
Financial / Restructuring Advisor to PT Bakrie Telecom Tbk, a publicly listed Indonesian telecommunications company (mobile voice/sms/data) with liabilities in excess of US$400 million.
Financial / Restructuring Advisor to PT Petro Oxo Nusantara, a large Indonesian petrochemical producer (2EH), with respect to the restructuring of its loan facilities totalling US$180 million.
Monitoring Agent of PT Polysindo Eka Persada which was Indonesia’s largest manufacturer of polyester with indebtedness of US$2.7 billion.
Independent Financial Review of PT Kiana Kertas which was one of the largest single-line pulp mills in Indonesia. The review was undertaken for the company at the request of its financial creditors who collectively were owed US$1.3 billion.
Financial / Restructuring Advisor to PT Citra Marga Nusaphala Persada Tbk, a publicly listed toll road owner / operator in Indonesia, with respect to indebtedness to noteholders in the amount of US$130 million.
Financial / Restructuring Advisor to the lending syndicate of CIT China, the Chinese subsidiary of a large US financial institution, with respect to a RMB3.2 billion loan facility.
Indonesian Finance Company – Retained by the Informal Working Group to conduct an independent financial review of an Indonesian Finance Company with borrowings of US$108 million.
Hotel Borobudur Jakarta – Retained by the lenders to a publicly listed hotel operator and property developer with syndicated debts exceeding US$70 million to conduct an Independent Financial Review.
Financial / Restructuring Advisor for the bondholders of Altus Shipping, a Singapore headquartered group which owned / operated bulk carriers and floating barges in Indonesia with respect to the US$18 million owing from the issuance.
Independent Financial Review of a Singaporean Group that owned / operated a fleet of Offshore Supply Vessels including 15 anchor handling tug supply vessels. The lenders were owed approximately S$45 million.
Financial / Restructuring Advisor to lenders of the Alakasa Group, an Indonesian aluminium extrusion operator.
Financial Advisor to the bondholder committee of Bio-Treat Technology, a Singapore listed waste water treatment company with 14 Build-Operate-Transfer projects in China.
Financial Advisor to CLSA with respect to a US$14 million loan to Asia Water Technology, a Chinese waste water treatment operator in Wuhan, China.
Financial Advisor to the bondholders of Golden State Environment Group, a large Beijing based water group that undertook waste water EPC projects throughout China as well as operating several waste water treatment plants in Beijing.

Other restructuring, insolvency and monitoring appointments:

Interim Chief Financial Officer of the Royal Chemie Group, a large petrochemical group with operating plants in Indonesia, China and Thailand.
Financial Advisor to the lending syndicate of PT Danareksa Jakarta International TBK, an Indonesian listed property developer with respect to a US$230 million loan facility for the construction of the Jakarta Stock Exchange Building.
Monitoring Accountant of PT Buana Graha Artha Prima, which was the owner of an office tower located within the Jakarta CBD with debts to lenders totalling USD65 million.
Monitoring Accountant of the Dharmala Group with debts to the Indonesian Bank Restructuring Agency totalling approximately US$80 million.
Monitoring Accountant of Shunde Jiaxin Realty Development Co, a large Chinese property developer in Southern China involved in the construction and sale of multiple residential apartment towers.
Court appointed receiver of a private equity fund (GSF Capital) which had invested in and operated solar energy plants in Puglia, Italy.
Receiver and Manager of Eastwin Global Investments Limited (BVI), a subsidiary of Sugih Energy Limited (Indonesia) which held a substantial investment in a greenfield oil and gas concession in Indonesia.
Judicial Manager of AED Services which, along with Sinopec, had a JV to operate the Puffin North East oil concession.
Liquidator of Sunrise Assets Group, a BVI domiciled company which was a major shareholder of a listed Indonesian energy company.
Liquidator of Arcapita Pte Ltd which was the Singapore branch of Arcapita, a Bahraini bank, which closed as a result of its parent’s Chapter 11 filing in the US.
MF Global – Appointed to the Committee of Inspection of MF Global Singapore which was a subsidiary of the MF Global Group, one of the world’s largest options and futures brokers which had entered bankruptcy.
Receiver and Manager of Ace International Limited (BVI) which ultimately owned the Blue Canyon Golf & Country Club in Phuket, Thailand.
Liquidator of the Marineteknik Group, a Singaporean shipbuilder with trade debts of over S$70 million.
Liquidator of Dongfang Shipbuilding which was an AIM (LSX) listed shipbuilder with liabilities in excess of US$200 million.
Liquidator of Zhong Jun Resources (S) Pte Ltd, an alumina and copper trading company with claims totalling in excess of S$130 million.

Financial Advisor to Indonesia’s Ministry of Finance with respect to the Indonesian Government’s US$3.1 billion exposure to the Dipasena Group, a large integrated shrimp farming operation. The engagement included the raising of US$250 million for capex and working capital purposes and the subsequent divestment of the government’s investment in the group post restructure.
Financial Advisor to Mizuho Bank with respect to its loans to and minority shareholding in PT Jakarta International Trade Fair, a large Indonesian property developer and event manager (Jakarta Fair Ground). The engagement involved a value assessment of the bank’s collateral and the practical difficulties in enforcement. Subsequently, the engagement involved identifying a purchaser (Poh Murdaya) and subsequent sale of Mizuho’s loan and shareholding.
Chinese wind blade manufacturer – Retained by the lenders to a Chinese wind blade manufacturer to undertake a financial review of the manufacturing business and subsequently, the sale of the business