Raj Khatri

Partner, Synergy Capital
Metals & mining · 30 years · Dubai

Thirty years of metals, mining and the capital behind them.

Partner at Synergy Capital in Dubai, where advisory sits alongside an Asia-focused private credit and private equity platform investing in industrials and infrastructure. Before that, three decades of investment banking in London: Head of Metals and Mining EMEA at Canaccord Genuity, EMEA Head of Metals and Mining at Jefferies and at Macquarie, and twelve years at Morgan Stanley. A regular voice on mining finance at Mining Indaba and the Egypt Mining Forum, and a trustee who spends his spare board hours on the arts.

Now

Selected work

Synergy Capital: Partner

Private equity

Joined in March 2026 to add advisory capabilities to Synergy's private equity platform. Synergy Capital is an Asia-focused private credit and private equity manager investing in industrials and infrastructure; its Fund III reached a first close of US$715 million. The advisory business is designed to generate differentiated deal flow for the funds.

  • Private credit
  • Private equity
  • Industrials & infrastructure
  • Since 2026

Canaccord Genuity: Head of Metals and Mining EMEA

Investment banking

Five years leading the EMEA metals and mining franchise within Canaccord Genuity's global capital markets business: origination and execution for miners, developers and explorers across equity capital markets, M&A and financing, with a particular focus on Africa, Europe and the Middle East.

  • ECM
  • M&A
  • Africa & Middle East
  • 2021–2026

Jefferies and Macquarie: EMEA Head of Metals and Mining

Investment banking

A decade running EMEA metals and mining coverage at two firms: Senior Managing Director at Macquarie Group from 2011, then Managing Director at Jefferies from 2018. Sector coverage, capital raising and advisory for producers and developers across the cycle.

  • Sector leadership
  • Capital raising
  • Advisory
  • 2011–2021

Morgan Stanley: Managing Director, Investment Banking

Investment banking

Twelve years at Morgan Stanley in London, 1998 to 2010, as Managing Director in investment banking. Equity capital markets, IPOs, mergers and valuation for mining and emerging-markets clients, the grounding for everything that followed.

  • IPOs
  • Equity capital markets
  • Mergers
  • Valuation

Egypt Mining Forum 2026: Bankable Mining Projects

Speaking

Panellist in Cairo on 29 September 2026 on what it takes to move a discovery to a financeable project: resource definition to international reporting standards, credible technical and economic studies, offtake and infrastructure certainty, and a financing structure lenders will underwrite.

  • Cairo
  • Project finance
  • Exploration to production

RIAC UK and the London Symphony Orchestra

Board

Trustee of RIAC UK since 2022, a charity matching next-generation trustees with arts organisations and experienced mentors, and a member of the London Symphony Orchestra's Development Board since 2019. Governance and fundraising for the arts, applied with a banker's discipline.

  • Trustee
  • Development Board
  • Arts governance

Experience

  1. Mar 2026 – Present

    Partner

    Synergy Capital · Dubai and London

    • Partner at an Asia-focused private credit and private equity manager investing in industrials and infrastructure.
    • Building the firm's advisory capabilities alongside the private equity platform, generating differentiated deal flow.
  2. Nov 2022 – Present

    Member, Board of Trustees

    RIAC UK · London

    • Trustee of the charity opening the arts boardroom to a new generation, matching next-generation trustees with arts organisations and experienced mentors.
  3. Jan 2019 – Present

    Board Member, Development Board

    London Symphony Orchestra · London

    • Member of the Development Board supporting the orchestra's fundraising and patron relationships.
  4. Feb 2021 – Feb 2026

    Head of Metals and Mining EMEA

    Canaccord Genuity, Global Capital Markets · London

    • Led the EMEA metals and mining investment banking franchise: equity capital markets, M&A and financing for miners, developers and explorers.
    • Panellist at Mining Indaba 2025, the Egypt Mining Forum 2025 and EIT RawMaterials in Brussels.
  5. Feb 2018 – Feb 2021

    Managing Director, EMEA Head of Metals and Mining

    Jefferies · London

    • Ran EMEA metals and mining coverage, capital raising and advisory.
  6. Nov 2011 – Feb 2018

    Senior Managing Director, EMEA Head of Metals and Mining

    Macquarie Group · London

    • Led EMEA metals and mining investment banking for more than six years.
  7. 1998 – 2010

    Managing Director, Investment Banking

    Morgan Stanley · London

    • Twelve years in investment banking: equity capital markets, IPOs, mergers and valuation, with a focus on mining and emerging markets.
  8. Sep 1995 – 1998

    Investment Banking Associate

    SG Warburg / SBC Warburg · London

    • Started in investment banking at SG Warburg straight from Bristol, staying through the SBC Warburg merger.

Education

Honours

Expertise

Transactions
  • Mergers & acquisitions
  • Equity capital markets
  • IPOs
  • Capital raising
  • Financial structuring
  • Leveraged buyouts
  • Loan origination
  • Valuation
  • Due diligence
Sectors & markets
  • Metals & mining
  • Critical minerals
  • Industrials
  • Infrastructure
  • Emerging markets
  • Africa & Middle East
  • EMEA
Capital & governance
  • Private equity
  • Private credit
  • Corporate finance
  • Strategy
  • Origination
  • Board & trustee roles

Beyond the mandate

Contact

Open to conversations with owners, boards and co-investors in metals, mining and infrastructure across the Middle East, Africa, Europe and India, and to fellow Chelsea supporters, in good seasons and bad.