Blue Ocean Equities poaches ex UBS, Citi MD
Stockbroker Ord Minnett’s head of natural resources, Richard Saywell, is packing his bags for a rival.
Richard Saywell is off to Blue Ocean.
Street Talk understands Saywell lobbed his resignation on Wednesday morning and is due to pop up at Brent Potts’ Blue Ocean Equities as a senior corporate adviser. He is expected to start in November and would advise emerging miners and explorers on M&A and equity capital markets deals.
A managing director at Ords, Saywell led the firm’s role – just a fortnight ago – in Australian Pacific Coal’s equity raise to restart its Dartbrook mine. Other recent deals have included Aurelia Metals, Group 6 Metals, Kingston Resources, Hammer Metals.
He spent a big chunk of his 30-year-long career at UBS, where he was a managing director. He left the Swiss bank to join as Citi’s head of resources, which he left for Ords in 2021.
It’s a great get for Blue Ocean Equities, which has been on a hiring spree this year. It picked up now-defunct small-cap broker CCZ Equities’ team and ex-Baker Young head of corporate advisory Matthew Baker.
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