Red Kite Hires Two From BofA for Mine Finance Expansion

Red Kite Group hired Claus Pramer and Dino Ghoussias from Bank of America Merrill Lynch to expand its mine finance business.

Both are based in New York, the hedge fund group said in a statement today. Pramer was the head of Latin American corporate sales at BofAML’s commodities group and Ghoussias was head of corporate metals sales in North America, according to the statement.

The hires are part of London-based Red Kite Group’s “ongoing commitment to strengthen and expand its mine finance business,” the company said. Pramer has more than 22 years of experience in commodities with a focus on mining and energy, while Ghoussias spent 15 years in the global mining, project finance and commodity derivatives sectors.

Red Kite was co-founded by Michael Farmer, David Lilley and Oskar Lewnowski. The group’s three founders split their business in September and Lewnowski took over the management of the $1.1-billion mine finance fund, renamed Orion Mine Finance Fund I.

Pramer also worked as managing director for BNP Paribas SA’s commodities derivatives group and was head of metal originations at Standard Bank Plc in New York. He spent 10 years at physical trading firms including Metallgesellschaft AG.

Before joining Bank of America, Ghoussias was responsible for North American derivatives structuring and sales business for mining at Goldman Sachs Group Inc. He also worked at Standard Bank where he was responsible for mining project and structured finance.

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