(EnergyAsia, September 7 2011, Wednesday) — Banking giant Standard Chartered said it has acquired Gryphon Partners Advisory Pty Ltd and Gryphon Partners Canada Inc from its management principals to “significantly strengthen its mining and metals capability.”

Gryphon Partners is a corporate advisory firm focused on the mining and metals sector, with professionals based in Australia and Canada. Since its establishment in 2003, the firm has advised on more than 60 M&A and capital markets transactions with a total value exceeding US$22 billion in the mining and metals sector.

Standard Chartered said the acquisition of resource assets is a top priority for its global clients, especially in Asia, and the addition of Gryphon Partners will enable the bank to support its clients through offering an enhanced cross-border mining and metals advisory services.

Mike Rees, the bank’s group executive director and CEO of Wholesale Banking, said:

“Gryphon Partners’ transaction experience, deep industry knowledge and corporate relationships will enhance our mining and metals sector capabilities. Together, we will now be able to provide our core footprint clients with high quality advice on opportunities in all our key markets relevant to the mining and metals sector. This mirrors our successful acquisition of Harrison Lovegrove in 2007, where we added significant oil and gas advisory capabilities.”

Gryphon Partners’ team comprises 22 people and will be fully integrated into Standard Chartered’s corporate finance and client coverage teams. The combination of Gryphon Partners and Standard Chartered will ensure a presence across the major cities of London, Toronto, Sydney, Adelaide, Hong Kong, Beijing, Singapore, Mumbai and Johannesburg.

In a joint statement, Creagh O’Connor and Rob Greenslade, Gryphon Partners’ executive directors and co-founders, said:

“We believe there is a strong strategic and cultural fit between our respective teams. The partnership between Standard Chartered and Gryphon Partners will complement our respective strengths and generate significant business growth. We look forward to working with Standard Chartered’s clients and providing them with improved access to global resource assets and transaction flows through Gryphon Partners’ established presence in Australia and Canada whilst providing our existing clients with enhanced access and product capability across Asia, Africa and the Middle East.”

Standard Chartered declined to disclose the transaction price for the acquisition.