Omar Davis and Mark Cutifani, former Bank of America and Anglo American executives respectively, have launched Odin Partnership Ltd., a merchant bank aiming to capitalize on the resurgence of dealmaking in the commodities sector. The firm brings together experienced bankers and industry professionals to navigate a landscape marked by shifting geopolitical dynamics, resource constraints, and the urgency of the energy transition.
Omar Davis and Mark Cutifani, veterans of the mining industry, have reunited to launch Odin Partnership Ltd., a London-based merchant bank aiming to capitalize on the resurgence of dealmaking in the commodities sector. Davis, who spent two decades at Bank of America Corp. as a mining banker, and Cutifani, former CEO of Anglo American Plc, have assembled a team of experienced bankers and industry professionals.
They believe the current landscape presents a unique opportunity as governments and technology companies increasingly seek resources to navigate a world facing resource constraints and the need for energy transition.Davis highlights the industry's dynamism, observing the world's growing resource appetite, geopolitical tensions over resource control, and the urgent need for decarbonization. Odin's team includes Anvita Arora, former co-head of Asia Pacific equity capital markets for Bank of America, Keyvan Zolfaghari, ex-Nomura Holdings Inc. banker leading Odin's structured equity solutions, and Abdul Afridi, leading venture investments after working at Bank of America and Keen Venture Partners. The firm has also recruited Tony O'Neill, former technical director at Anglo American. Cutifani emphasizes the combined expertise of their team, encompassing both deal-making experience in mergers and acquisitions and capital markets, along with operational experience managing assets and businesses. Odin's establishment coincides with a broader revival of dealmaking in the global mining industry. Major mining companies are restructuring their portfolios for the future, leading to increased appetite for substantial transactions. Private equity firms, pension funds, and sovereign wealth funds are also actively seeking investments in the sector. Davis, who previously served as the global head of mining at Bank of America before retiring in 2023, believes the world's growing population will continue to drive up demand for resources. Cutifani, 66, led Anglo American through a successful recovery after a commodity slump. Odin is currently focused on energy, commodities, and the energy transition, but plans to expand its model to other sectors like healthcare and technology. Arora, one of Odin's founding partners, emphasizes the firm's unique ability to guide clients through the entire value chain, from seed capital raising to public company management.
Mining Dealmaking Commodities Merchant Bank Energy Transition Geopolitics
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