Jay Hambro joined the Gupta Family Group (GFG Alliance), which controls commodities, energy and industrial interests worldwide in January 2016 as a senior member of its Group management team. Mr Hambro is the Group’s Chief Investment Officer, SIMEC’s CEO of Mining and Energy and leads GFG’s investment into the banking sector.
Mr Hambro has been executive chairman of Sino-Russian Hong Kong exchange listed industrial commodities champion IRC since 2010 and is a well-known figure in the international mining and commodities industry.
Mr Hambro’s primary role at GFG and SIMEC is focusing on the aggressive worldwide development of SIMEC (Shipping, Industrials, Mining, Energy & Commodities), which currently includes a power generating arm and a global portfolio of trading operations focused on the resources sector. One of his immediate roles will be to lead the completion of the purchase of the Tungsten Bank which GFG recently entered into an agreement to acquire, as part of its broader strategy to invest in finance for the commodities industry. This is subject to the approval of the Prudential Regulation Authority.
After graduating in business management, Mr Hambro began his career in resource finance with NM Rothschild & Sons, before moving to the investment bank of HSBC, advising multinational mining groups. He then joined what is now the Petropavlovsk plc group in a business development role and later as Chief Investment Officer before spearheading the development of their industrial commodity divisions as Aricom plc (FTSE listed) and more recently at IRC Limited.