Professional Background and Experience
Jay Hambro is a leading figure in the global resources, commodities, energy and finance sectors. Following his appointment with the GFG Alliance, Jay is now playing an prominent role in the UK industrial sphere as he leads the SIMEC business and is overall GFG Chief Investment Officer.
Originally from the UK he graduated in business management from Newcastle University in 1997 and began his career with NM Rothschild & Sons Ltd, where he worked in the resources team initially as a trader and latterly as a mining banker both in London and in North America. Jay then moved to become a Manager at HSBC based in London providing investment banking services to the global resources industry.
He then joined what is now the Petropavlovsk plc group in a business development role and later as Chief Investment Officer before spearheading the growth of their industrial commodity divisions as CEO of Aricom plc (FTSE 250 listed) and more recently as Chairman of IRC Limited (HKSE Listed), where he remains non-executive chairman.
Under his leadership, the Hong Kong Stock-Exchange listed IRC business became the first vertically-integrated industrial commodity producer in Russia, it has constructed and commissioned around 30m tonnes per annum of iron ore mining and processing operations, developed plans to bring one of the world’s lowest cost iron ore mines on stream and raised well over US$1bn in development finance for these projects.
Mr Hambro is a member of the Gupta Family Group Alliance Strategic Board and, as the Chief Investment Officer, has played a leading role in the business’ energetic growth strategy over the past year. This has included the acquisition of major steel, engineering, energy and banking assets in the UK and the development of the Group’s mining and commodities businesses globally. Along with Executive Chairman Sanjeev Gupta, he led a high-profile attempt to acquire the assets of Tata Steel UK, which were put up for sale in March 2016. Mr Hambro is a major advocate of the Group’s GREENSTEEL strategy which envisages the creation of a strong, competitive and sustainable British steel and engineering industry, based on largescale recycling of domestic UK scrap and powered by renewable energy, especially tidal lagoon sources.
Married with 2 children, Mr Hambro lives in Wiltshire, halfway between the group’s Welsh industrial zone and London headoffice. He is also a Liveryman of the Worshipful Company of Goldsmiths and a Fellow of the Institute of Minerals, Mining and Materials. He remains as Non-Exec Chair or IRC Group and is a Non-Exec Director of Cellmark Holdings, a international trading group specialising in pulp, paper, recycling and renewables.
Qualifications and Honours
- Bachelor of Arts, Business Management (Newcastle University)