Acquisition of Gryphon Partners

RNS Number : 6351N

Standard Chartered PLC

05 September 2011

 



Standard Chartered PLC - Acquisition of Company

5 September 2011

Standard Chartered acquires Gryphon Partners Advisory Pty Ltd and Gryphon Partners Canada Inc (together "Gryphon Partners")

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.

ENDS

For further details please contact:

Standard Chartered

Piotr Zajac, Head of Investor Relations

Tel: [phone]

[e-mail]

Jon Tracey, Head of Media Relations

Tel: [phone]

Mob: [phone]

[e-mail]

Note to Editors:

Gryphon Partners

Gryphon Partners provides corporate advisory services in the traditional areas of mergers and acquisitions, corporate and project finance with a focus on the mining and metals sector. Established in Australia in 2003 and having expanded to Canada in 2008, Gryphon Partners has offices in Adelaide, Brisbane, Sydney, Toronto and Vancouver. During this period, Gryphon Partners has established a leading advisory position in the mining and metals sector, having advised on more than 60 completed M&A and capital markets transactions valued in excess of USD22 billion for a wide range of clients including Beach Energy, Centrex Metals, Chalice Gold Mines, Citadel, Crescent Gold, Exco Resources, FerrAus, Franconia, Global Advanced Metals, Intrepid Mines, Kores, Lion Group, Minotaur Resources, Newmont Mining, OZ Minerals, Oxiana, Perseus Mining, Rey Resources, Santos, Tigers Realm Coal, Toro Energy, Toyota Tsusho and WPG Resources.

For more information on Gryphon Partners, please visit www.gryphonpartners.com.au

Standard Chartered - leading the way in Asia, Africa and the Middle East

Standard Chartered is a leading international banking group. It has operated for over 150 years in some of the world's most dynamic markets and earns more than 90 per cent of its income and profits in Asia, Africa and the Middle East. This geographic focus and commitment to developing deep relationships with clients and customers has driven the Bank's growth in recent years. Standard Chartered PLC is listed on the London and Hong Kong stock exchanges as well as the Bombay and National Stock Exchanges in India.

With 1,700 offices in 70 markets, the Group offers exciting and challenging international career opportunities for around 85,000 staff. It is committed to building a sustainable business over the long term and is trusted worldwide for upholding high standards of corporate governance, social responsibility, environmental protection and employee diversity. Standard Chartered's heritage and values are expressed in its brand promise, 'Here for good'.

For more information on Standard Chartered, please visit www.standardchartered.com

 

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