Standard Chartered has acquired Gryphon Partners Advisory and Gryphon Partners Canada from its management principals in a move to strengthen its mining and metals capability. Gryphon Partners is a corporate advisory firm focused on the mining and metals sector, with professionals based in Australia and Canada. Since its establishment in 2003, Gryphon Partners’ team has advised on more than 60 merger and acquisition (M&A) and capital markets transactions with a total value in excess of US$22bn in the mining and metals sector.
The acquisition of resource assets is a top priority for Standard Chartered’s clients across its footprint, especially in Asia, and the addition of Gryphon Partners will enable the bank to support this client base through offering an enhanced cross-border mining and metals advisory service.
Mike Rees, group executive director and chief executive officer (CEO) of wholesale banking, said: “Gryphon Partners’ transaction experience, deep industry knowledge and corporate relationships will enhance our mining and metals sector capabilities. Together with Gryphon Partners, we will now be able to provide our core footprint clients with high quality advice on opportunities in all our key markets relevant to the mining and metals sector.”
Gryphon Partners’ team comprises 22 people and will be fully integrated into Standard Chartered’s corporate finance and client coverage teams. The combination of Gryphon Partners and Standard Chartered will ensure a presence across major relevant locations – London, Toronto, Sydney, Adelaide, Hong Kong, Beijing, Singapore, Mumbai and Johannesburg.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.