Osborne lands new job as CFO of oil company

After more than 20 years of being an incredibly successful corporate broker in the City, mainly in the oil and gas space, Andrew Osborne has finally decided to take a different path.

The former Bank of America Merrill Lynch adviser is joining a private equity backed oil company Chrysaor, the Capitalist understands, as its chief financial officer.

Chrysaor is owned by its management team, now including Osborne, and Barclays Natural Resources Investments, an offshoot of Barclays Capital, and a fund managed by Natural Gas Partners.

Osborne left Bank of America Merrill Lynch at the end of last year when it emerged that he was being investigated by the Financial Services Authority (FSA).

The FSA later charged him with passing on price sensitive information relating to a fund-raising by Punch Taverns in 2009 to David Einhorn of Greenlight Capital.

Osborne decided not to fight a £350,000 fine relating to the charge, preferring to face the consequences rather than put his family through the ordeal of a lengthy appeal process.

He was inundated with offers from City firms, including Rennaissance Capital and came close to joining Liberum Capital.

But in the end the man known affectionately as Os chose the position at Chrysaor, which gives him a board position as well as an equity stake.