Peter Hambro, a scion of the U.K.’s Hambro trading and banking dynasty, is leveraging his name and connections to woo investors to his company that develops gold mines in Russia, Petropavlovsk Plc,
Bloomberg reported.
Hambro is chairman of Petropavlovsk, which he helped found 15 years ago and is now “on the cusp of joining the FTSE 100 index of U.K. companies,” according to the Bloomberg report.
“The other side of my family, being famous, rich and glamorous bankers, were non-executive chairman and directors of many listed companies,” Hambro says, opening up a book containing his family tree. “Being executive chairman and 6 percent shareholder of one you have helped to found is a bit different.”
Hambro worked for a year at Hambros Bank when it was still controlled by his family and later traded bullion, the article said.
When it was founded, the company was called Peter Hambro Mining Plc, a name that “helped reassure initial nervous investors,” the report noted. In September, it was renamed Petropavlovsk, after the Russian name for Peter and the first name of Hambro’s business partner, Pavel Maslovskiy.
Petropavlovsk employs Hambro’s son Jay, the former chief executive officer of Aricom [Plc, an iron-ore miner spun off from Petropavlovsk six years ago and reacquired by the company in April]. Another son, Leo, is CEO of Russian Timber Group Ltd., in which Hamrbo and Maslovskiy are the largest shareholders. Jay and Leo’s brother Evy helps manage BlackRock Investment Management Ltd.’s flagship $11.6 billion World Mining Fund in London. The fund held 1.7 million shares in Petropavlovsk as of Aug. 31, according to data compiled by Bloomberg.
(Source: Bloomberg, Dec. 8, 2009.)
-
762 reads