Private-equity business for Ambrian

Finance

Publishing Date: 03 Feb 2010 1:26pm GMT
Author: Mining Journal

Ambrian Capital plc has set up a private-equity business in partnership with a team of three former Glencore executives. Based in Switzerland, the new business, Ambrian Resources, will arrange and manage strategic investments in the global mining and metals sector on behalf of investor syndicates.

The partners in the new venture are Nicolas Rouveyre, a former head of the zinc and lead division at Glencore; Jean-Pierre Conrad, chief financial officer of Xstrata Group between 1994 and 2001; and Kilian Carrarini, former member of the corporate finance team at Glencore and MFC Bancorp.

Ambrian Capital chief executive officer Tom Gaffney said: “we are delighted that such a strong team of individuals is joining Ambrian.”

“Nicolas, Jean-Pierre and Kilian have extensive experience in mining and metals markets, not only in the marketing of raw materials but as deal doers who have structured complex transactions that bring together principal investing, metals marketing and logistics, as well as hedging skills which are all core to Ambrian’s existing areas of expertise.”

Ambrian Resources will be majority owned by Ambrian Capital.