Ambrian Hires Leading Physical Metals Team

    RNS Number : 6232W
  Ambrian Capital PLC
  13 June 2008
   

    


    AIM: AMBR


    AMBRIAN HIRES LEADING INTERNATIONAL 
    PHYSICAL METALS TEAM

    Eight strong physical metals team to join Ambrian


    Ambrian Capital plc ("Ambrian Capital") announces that it will be joined by a highly experienced physical metals team from the Varomet
Group, a subsidiary of Straits Resources Limited.  

    This new team will form Ambrian Metals Limited ("Ambrian Metals"), a newly created wholly-owned subsidiary of Ambrian Capital, and will
be led by Mark Homer. The eight-strong team comprises salesmen, traders and logistics managers based in London and Shanghai. In addition,
there are agents based in Calcutta, New York and Santiago.  

    Ambrian Metals will globally source non-ferrous metals from producers for distribution to an international client base. Ambrian Metals
will focus on providing its clients with a consistently high quality product, logistics services and price management. Ambrian Metals will
manage all facets of marketing and distribution including financing from producers to consumers and has put in place committed financing
facilities with a syndicate of major international banks.  

    Mark Homer has over 30 years' experience in the physical metals market including a period at Gerald Metals. In addition to leading the
team, Mr. Homer will focus on the copper and zinc business in primary, secondary and scrap products on a global basis. Mr. Homer will be
joined by Owen Benninson who also has extensive experience in the physical metals market and also worked previously with Gerald Metals.  Mr.
Benninson will manage the global copper wire rod book and assist with the secondary metals and primary cathode trading with his main focus
on the Middle East and Indian markets.

    Commenting on the announcement, Tom Gaffney, Chief Executive Officer of Ambrian Capital said, "The physical metals business provides
valuable market intelligence, complements our London Metal Exchange broker-dealer activities and enhances our corporate relationships with
both producers and consumers of non-ferrous metals around the world. Our objective is to capture a share of the value created in the
re-distribution of metals from producing countries to consumers in resource hungry parts of the world."


    Enquiries 

 Malcolm Freeman                       Tel: [phone]
 Managing Director
 Ambrian Commodities Limited
  
 Hugh Field                            Tel: [phone]
 Collins Stewart Europe  
   
 Louise Goodeve / Justine Howarth      Tel: [phone]
 Parkgreen Communications
  

    Notes to editors:
    

About Ambrian Capital plc

    Ambrian Capital plc is an AIM listed (AIM: AMBR) specialist investment banking group focused on the mining, oil & gas, alternative
energy and new technology sectors. Ambrian Capital plc provides corporate finance, stockbroking, commodity broking and investment management
services to institutional and corporate clients.  Ambrian Capital is also an active principal investor in the natural resources sector.

    Ambrian Partners Limited, Ambrian Commodities Limited and Ambrian Asset Management are each authorised and regulated by the Financial
Services Authority.  Ambrian Partners Limited is a member of the London Stock Exchange and Ambrian Commodities Limited is an Associate
Broker member of the London Metal Exchange.

    For further information on Ambrian Capital, please visit: www.ambrian.com




This information is provided by RNS
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