Pierre Larroque
Managing Director, Investment Banking, Head of Corporate Finance and Project Finance
Jadwa Investment
Mr. Larroque has 30 years of investment and strategy advisory experience in the international mining, refineries/petrochemicals and natural resources industries, in particular for private equity and joint venture investments and for debt raising for emerging markets projects. Throughout his carreer he has advised several African, Middle Eastern and Latin American countries on the privatization of large mining and natural resources companies and on the design and implementation of promotion policies for natural resources foreign direct investments.
Since June 2007, Mr. Larroque has been associated with Jadwa Investment, a Saudi, Riyadh based, investment bank, first as Senior Advisor and subsequently as Managing Director, Investment Banking – Head of Corporate Finance and Project Finance. In that respect, he has directed teams which advised on several domestic Saudi M&A and financing transactions. In
particular, he advised on, and structured, the purchase by Jadwa and a group of private Saudi investors of the 30% stake which ExxonMobil held in a Saudi Aramco base oils refinery. He currently serves on the joint Aramco-Jadwa Technical and Financial Steering Committees directing and controlling the US$2 billion expansion of that refinery.
Previous positions include Managing Director in Corporate Finance, in charge of SBC Warburg’s worldwide mining and refinery / petrochemicals project finance advisory activities; Managing Director at UBS Asset Management, Head of a private equity fund to invest in natural resources projects and companies around the world; Senior investment officer in the IFC (World Bank Group), responsible for natural resources equity and debt financings in Brazil.
Mr. Larroque has an MBA from Stanford University and an Engineering degree from Ecole Polytechnique in Paris. He has served on the Boards of several private and public natural resources companies.