Robert J. Champion de Crespigny AC joins advisory panel of Barclays Capital’s Natural Resource Investments business
19 February 2010 London – Barclays Capital, the investment banking division of Barclays Bank Plc., today announced that it has appointed Robert J. Champion de Crespigny AC to the advisory panel for its Natural Resource Investments business, headed by Mark Brown.
Mr. de Crespigny is the founder and former Executive Chairman and CEO of Normandy Mining Limited until its merger with Newmont Mining Corporation in 2002. At the time of the merger it was Australia's largest gold company, among the top five gold companies in the world, and a substantial producer of base metals and industrial minerals. Mr. Champion de Crespigny has received several awards recognising his contribution to Australian business and the community, in particular the Companion of the Order of Australia, Australia's highest honour.
He is currently Chairman of Crosby|Textor Research Strategies Results, Non-Executive Director of S&B Industrial Minerals (Athens-based) and a Board Member of Oxford University's Said Business School.
Mr. Brown said: “Robert has an outstanding reputation in the natural resources sector, particularly mining, and we are delighted he has taken this opportunity to join our advisory board. He brings with him a wealth of knowledge and experience and he will be a valuable asset as we seek to source, evaluate and manage further opportunities in the sector.”
Barclays Natural Resource Investments (BNRI) was founded by Barclays Capital in 2006 to invest into the natural resources sector on a global basis, with a focus on upstream oil & gas, upstream mining and power, including renewables. The team has offices in London, New York and Sydney and is staffed with 16 investment professionals.
Mr. Champion de Crespigny said: “BNRI is an exciting and growing business and I welcome the opportunity to join its advisory board. I think the model that BNRI have adopted of partnering with management teams is one of the best ways to invest in the natural resources sector and BNRI have an excellent team of investors in place to execute this strategy. I look forward to using my expertise and contacts to assist BNRI in progressing their business. ”
For more information please contact Corporate Communications:
+44 (0)20 777 32483
+1 212 412 7565
+65 6308 3490
Notes to Editors:
Robert J. Champion de Crespigny AC, 59 (age) has had a long and distinguished career in the mining industry. He was founder, Chairman and Chief Executive of Normandy Mining Limited until its merger in 2002 with Newmont Mining Corporation. At the time of the merger it was Australia's largest gold company and in the top five gold companies in the world. It was also a substantial producer of base metals and industrial minerals.
Mr. Champion de Crespigny has served as Chairman of the Economic Development Board of South Australia, Chancellor of The University of Adelaide, Chairman of the South Australian Museum, Non-Executive Chairman of a number of publicly listed Australian companies, and Advisor to the Executive Committee of the South Australian Cabinet.
He has also been Australia's representative on the Commonwealth's Expert Group on Democracy and Development, Chairman of the Australian Gold Council, and also a Member of the Business Council of Australia, the Minerals Council of Australia and the National Gallery of Australia.
He has received several awards recognising his contribution to Australian business and the community, in particular the Companion of the Order of Australia, Australia's highest honour. The University of Adelaide has also awarded him a Doctorate for his services to the University.
Mr. Champion de Crespigny is currently Chairman of Crosby|Textor Research Strategies Results, Non-Executive Director of S&B Industrial Minerals (Athens-based) and a Board Member of Oxford University's Said Business School. He resides in the UK.
About Barclays Natural Resource Investments
BNRI finds and partners with best-in-class operational management teams with specific expertise and significant experience and track-record within the global natural resources sector, primarily in upstream oil & gas, upstream mining, and power, including renewables. Following substantial due diligence BNRI typically commits US$75-100m to each management team to execute their business plans. This will in general be structured as a ‘line of equity’, whereby management teams identify potential asset and transaction opportunities and bring them to the board for discussion and approval. BNRI is an active investor and insists on board representation in every transaction we complete and approval of each draw down by management on its ‘line of equity’.
BNRI has offices in London, New York and Sydney and is staffed with 16 investment professionals and a highly experienced advisory panel, including Tony Trahar, former CEO of Anglo American, Francis Gugen, former European CEO of Amerada Hess, and Mike Reynolds, former Managing Director National Power.
BNRI is available to selected official institution and corporate clients of Barclays Capital and selected Barclays Wealth’s ultra-high net worth clients on a co-investment basis. For further information about BNRI, please visit our website www.bnri.com.
About Barclays Capital
Barclays Capital is the investment banking division of Barclays Bank PLC. With a distinctive business model, Barclays Capital provides large corporate, government and institutional clients with a full spectrum of solutions to their strategic advisory, financing and risk management needs. Barclays Capital has offices around the world, employs over 23,000 people and has the global reach, advisory services and distribution power to meet the needs of issuers and investors worldwide.
For further information about Barclays Capital, please visit our website www.barclayscapital.com.
Barclays Capital - the investment banking division of Barclays Bank PLC. Registered in England 1026167. Registered office 1 Churchill Place, London, E14 5HP. Authorised and regulated by the Financial Services Authority and a member of the London Stock Exchange.