Top City banker goes solo


A former city banker who has worked on some of world’s biggest mining takeovers has set up his own advisory firm.

The Daily Telegraph reports that Peter Bacchus, who defended FTSE-100 giant Rio Tinto against a $147bn hostile bid from an arch-rival almost a decade ago, is setting up Bacchus Capital Advisors with a raft of other senior financiers.

Since overseeing Rio’s successful defence against BHP’s audacious tilt in 2007, he has been co-head of European investment banking at Jefferies. He stepped back from Jefferies earlier in the year to set up his own firm, which will be established as a partnership.

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