Spanish value investing boutique Azvalor has appointed Philip Ngotho as a mining sector analyst following the departure of Jorge Cruz.
Ngotho joins the Azvalor analysis team in Madrid from ABN Amro, where he worked for the past seven years based in Amsterdam. Prior to that, he worked at Deloitte Financial Advisory Services as senior consultant and capital market analyst.
He will be succeeding Jorge Cruz, who has left the firm after four years working responsible for analysing the mining sector to join the oil company Saudi Aramco, where he will be working as an engineer at the company´s headquarters in Saudi Arabia.
Commodities represent around 60% of the manager´s global equity fund Azvalor Internacional. From this share, the mining sector takes the largest percentage with 36%. The Fund is co-managed by Álvaro Guzmán and Fernando Bernad.