GFG Alliance has earned recognition following another year of transformation and growth across the business after Chief Investment Officer Jay Hambro was awarded the ‘Rising Star’ award at the S&P Global Platts 2020 Global Metals Awards.
Mr Hambro sits on the GFG Alliance’s Global Board as Chief Investment Officer as well leading the Mining, Energy and Aluminium business entities. Hambro also oversees all the M&A activities of the GFG Alliance with a global team reviewing and executing transactions across the GFG portfolio.
GFG Alliance’s growth over the last 12 months has been dominated by the acquisition of seven major steelworks and five service centres across seven European countries from ArcelorMittal in 2019. The deal doubled GFG’s workforce, which now totals 35,000 people across the globe.
The €740 million deal catapulted GFG-owned Liberty Steel Group into the top ten of global steel producers, excluding China, with a total rolling capacity in excess of 18 million tonnes and is the largest single transaction undertaken by GFG to date.
The GFG Alliance also grew in the USA, EU, UK, India and Australia as it continues a programme seeking to revive foundation industries by instigating low-carbon steel and aluminium production methods powered by renewable energy.
“The judges were looking for a leader who personified innovation, created opportunities and ultimately delivered results,” S&P Global Platts’ Regional Pricing Director for Americas Metals Chris Davis said. “In selecting the winner, our judges found a hard worker who is full of ideas while also being a team player.”
“I’m delighted to accept this award on behalf of all my hard-working colleagues across the GFG Alliance,” Hambro said.
“GFG’s growth and ambitions have accelerated over the last 12 months, reflected by Liberty Steel Group’s new position as one of the world’s largest steel producers, the creation of our new low-carbon aluminium business ALVANCE and our pledge to be carbon neutral across our steel and aluminium businesses by 2030.”
“We will continue to seek opportunities to utilise our GREENSTEEL and GREENALUMINIUM production methods, with a skilled employee base and sustainability at the heart of our operations.”
Jay Hambro joined GFG Alliance in 2016 following a career in commodities, energy and finance. Mr Hambro has spearheaded a transformational 4 years for the GFG Alliance and laid the groundwork for a rejuvenated industrial sector in the UK, Australia, France, mainland Europe and the USA through US$3 billion of investment.
Jay was previously the Chairman of IRC Ltd, CIO of Petropavlovsk PLC, CEO at Aricom PLC, Manager at HSBC Investment Bank and NM Rothschild & Sons. Jay served as a member of the Pan European Reserves & Resources Reporting Committee (PERC) at its foundation in 2008, is a Fellow of the Institute of Materials, Minerals and Mining (FIMM) and a Liveryman of the Worshipful Company of Goldsmiths.
Notes to the editors:
GFG Alliance is a collection of global businesses and investments owned by Sanjeev Gupta and his family. The Alliance is structured into three core industrial pillars; LIBERTY Steel Group, ALVANCE Aluminium Group and SIMEC Energy Group, independent of each other yet united through shared values and a purpose to create a sustainable future for industry and society. GFG Alliance employs 35,000 people, across 10 countries and has revenues of USD $20bn. GFG Alliance is a leader in sustainable industry with a mission to become Carbon Neutral by 2030 (CN30).