Burmo’s back! Petra Capital hires ex Ord Minnett equities boss

afr.com:

Mid-market stockbroker Petra Capital has lured Nick Burmester from Canaccord Genuity’s London offices to its ranks, just as it signs a joint venture with CGS-CIMB Securities to expand into Asia.

Nick Burmester was head of institutional equities at Ord Minnett. 

Burmester spent the last two years at Canaccord Genuity, corralling support for the stockbroker’s Australian deals from investors in UK and Europe. He started at Petra on Monday and has been tasked with Europe and Australia research sales for both ASX-listed industrial and resources names. A move back to Sydney is on the cards before June.

He is well-known among fund managers, partly due to a six-year-long stint as Ord Minnett’s head of institutional equities. Prior to that, he worked across small cap sales and hedge fund sales at Commonwealth Bank of Australia, Evans & Partners and UBS.

He’s joining Petra’s team as it finalises a joint venture with China’s CGS and Malaysia’s CIMB, which would boost Petra’s distribution across Asian investors. In particular, it should help with Petra’s deals for its ASX-listed resources clients where it often punches above its weight.

Petra was established in 2007. It was the only bank to be mandated for Stanmore Resources’ $US506 million ($694 million) raise to bankroll an acquisition of BHP’s Queensland coal mines.

It has mined its resources clients for several chunky deals this year despite scanty ECM activity. That includes $200 million for Sayona Mining as the sole lead manager, $80 million for WA gold play Red5, $75 million and then $30 million for another gold miner Pantoro Limited, and two raises of $50 million each for Matt Latimore’s Bowen Coking Coal.

“As a senior and experienced operator, Nick will also assist with