Ex-JPM head for Hochschild

Hochschild Mining has hired former JP Morgan investment banking chief Enrico Bombieri as non-executive director. Bombieri, who had responsibility for investment banking over Europe, the Middle East and Africa, will join Hochschild in November. He has also worked for Guinness Mahon and Lehman Brothers. Hochschild recorded a 43 per cent drop in profits for the first half yesterday. Earnings came in at $168m (£106m), compared to $297m over the same period last year. The company said it was on track to meet its production target of 20m silver equivalent ounces for 2012, adding that its future growth projects were also progressing in line with its plans, and that it was maintaining its interim dividend of $0.03 per share.