Rothschild debt restructuring trio join Deloitte

Deloitte has hired Rothschild’s former head of debt advisory and restructuring for Asia, Robert Schmitz, and two members of his team Richmond Ang and NK Naginlal Modi as it makes a push into debt restructuring and advisory in the region. The auditing firm has an existing debt restructuring practice, but debt advisory is a relatively new area of focus for the firm both globally and in Southeast Asia.

Schmitz, Ang and Modi were core members of Rothschild’s debt restructuring business. The trio left Rothschild on Friday and started work at Deloitte on Monday. They are all based in Singapore. The trio left Rothschild amid what was described as a...