Standard Chartered acquires Gryphon Partners Advisory Pty Ltd and Gryphon Partners Canada Inc
Standard Chartered announces that it has completed the acquisition of 100 per cent of Gryphon Partners from its management principals.
Gryphon Partners is a corporate advisory firm focused on the mining and metals sector, with professionals based in Australia and Canada.
Mike Rees, Group Executive Director and CEO of Wholesale Banking, said: "We are delighted to welcome the team from Gryphon Partners to Standard Chartered. 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. This mirrors our successful acquisition of Harrison Lovegrove in 2007, where we added significant oil & gas advisory capabilities. In addition, we remain committed to supporting our clients' important strategic initiatives through our strong financial product capabilities."
Creagh O'Connor and Rob Greenslade, Executive Directors and Co-founders, Gryphon Partners, said: "We look forward to becoming part of Standard Chartered and believe there is a strong strategic and cultural fit between our respective teams. The partnership between Standard Chartered and Gryphon Partners will complement our respective strengths and generate significant business growth. We look forward to working with Standard Chartered's clients and providing them with improved access to global resource assets and transaction flows through Gryphon Partners' established presence in Australia and Canada whilst providing our existing clients with enhanced access and product capability across Asia, Africa and the Middle East."
As at the dates of the latest audited accounts the aggregate gross assets of Gryphon Partners amounted to approximately USD2 million.