Peter Bacchus
Peter Bacchus is a London-based investment banker who founded Bacchus Capital Advisers (BCA). He is the Chairman and Chief Executive of BCA, which operates in London with activities in Canada and Australia. He also serves as a Non-Executive Director of Gold Fields and Apex Royalties, and he leads several BCA ventures, including BG Gold, 308 Services, and Green 14. In 2017 he founded Yellow Cake plc, a company that holds physical uranium and is listed on the London Stock Exchange’s AIM market.
Bacchus studied Economics at Cambridge University. After a brief spell with the British government, he joined Price Waterhouse in 1992 and then moved to Robert Fleming & Co in 1995. Fleming was bought by Chase Manhattan Bank and later merged with JP Morgan, where Bacchus became a director in the M&A team. From 2000 to 2006 he worked at Salomon Brothers, part of Citigroup, and led mining and metals activities across Asia-Pacific, Australia, and Africa. He advised MinMetals on its attempted purchase of Noranda and acted as a defence adviser to WMC in Xstrata’s bid.
In 2006 Bacchus joined Morgan Stanley in London as Managing Director, leading the Global Basic Materials Group and Metals & Mining in the region. He advised Rio Tinto during the BHP bid, a landmark deal in mining history. In 2011 he moved to Jefferies as Joint Head of European Investment Banking and Global Head of Metals and Mining, where he advised First Quantum Minerals on its takeover of Inmet in 2013 and oversaw Jefferies’ acquisition of Hoare Govett.
In 2016 he left large banks to start BCA, an independent advisory and ventures firm. He founded BCA with colleagues including Richard Allan, Chris Johannsen, and Paul Cahill. BCA has since launched several ventures. Yellow Cake, started in 2017, is a uranium buy-and-hold vehicle that raised US$200 million in an IPO in 2018. By 2024 it held about 21.7 million pounds of uranium, with a market value around US$2 billion.
Other ventures include Green 14, an environmental carbon project started in 2021 with Space for Giants; BG Gold, created in 2022 to pursue Northquest and the Whale Cove gold project in Nunavut, Canada; and 308 Services, which Bacchus has chaired since 2017. Bacchus also served on the boards of Nordgold (2014–2017), Gold Fields (since 2016, where he chairs the Strategy and M&A Committee and the Risk Committee), Kenmare Resources (2017–2021), Galaxy Resources (2017–2021, until its merger to form Allkem), and Trident Royalties (joined in 2021 and became Non-Executive Chairman in 2024 before its acquisition by Deterra Royalties).
Beyond business, Bacchus chairs Space for Giants, a conservation charity that founded Green 14. He has been a director of 308 Services and BG Gold, and since September 2024 he has been a Non-Executive Director at Apex Royalties. He also serves as an adviser to Skylark Minerals; in November 2024 the company brought in a new CEO, Nikolai Zelenski, the former CEO of Nordgold.
This page was last edited on 2 February 2026, at 11:13 (CET).