Blue Ocean Equities bulks up corporate finance team

afr.com:

Brent Potts’ Blue Ocean Equities has added a new member to its advisory ranks, picking up Elaine Faddis from Jefferies Australia.

Elaine Faddis is joining Blue Ocean Equities’ corporate finance team as an associate. 

Faddis will work in Blue Ocean’s corporate finance team, focusing on emerging natural resources companies. Faddis, originally an American, moved to Australia a few years ago and has also worked at Gresham.

There, Faddis was part of the team that advised on ASX-listed Iluka Resources’ demerger of the BHP MAC royalty into Deterra Royalties which now has a $2.5 billion market cap. She was also involved in the establishment of the Gresham Royalties Fund in 2019 in partnership with Regal Funds Management. She left to join Jefferies in 2020, rising from analyst to associate in under two years.

The hire comes just under two months after the stockbroker and corporate advisory firm picked up Ord Minnett’s head of natural resources, Richard Saywell, as a senior corporate adviser. Saywell, who got his feet under the desk last week and is a former UBS and Citi managing director, was tasked with advising emerging miners and explorers on M&A and equity capital markets deals.

Earlier in the year, Blue Ocean recruited the now-defunct small-cap broker CCZ Equities’ team and ex-Baker Young head of corporate advisory Matthew Baker. The firm is best known for its stealth trades on behalf of retail billionaire and Premier Investments chairman Solomon Lew.