Jefferies Hoare Govett wins Sirius Minerals

HOARE Govett, the former RBS broker sold to US investment bank Jefferies, has won a new mandate with Sirius Minerals, the firm looking for potash in Yorkshire.

The renamed Jefferies Hoare Govett has been picked as joint broker alongside Macquarie and Liberum.

Chris Fraser, managing director and chief executive of Sirius, said: “With its US platform and capabilities across research, sales and investment banking in the metals and mining sector, the addition of Jefferies to our existing team gives Sirius enhanced access to market leading expertise.”

JHG’s new mandate for Sirius, listed on the Alternative Investment Market, follows wins with mining company First Quantum and Nord Gold, the gold producing company spun off by the Russian group Severstal.

Jefferies picked up legendary stockbroker Hoare Govett and around 50 of its remaining employees from taxpayer-backed RBSā€ˆfor just £1 in February.

Despite its troubled period under the ownership of RBS, Hoare Govett managed to retain a number of big clients, such as BAE Systems, Tate & Lyle, Rolls-Royce and Rexam, Europe’s largest maker of drinks cans.