Argus chairman and CEO wins international entrepreneur of the year accolade
London, 16 October 2017
Adrian Binks, chairman and chief executive of leading global energy and commodity news and price reporting agency Argus Media Group, was honoured last week with the prestigious EY Entrepreneur Of The Year award in the international category.
Binks bought a partnership in a small newsletter business called Europ-Oil Prices in 1984 from its founder Jan Nasmyth. Taking management control that year he proceeded to adopt the Argus name, develop an international business and expand services continuously over the next three decades without the use of leverage.
The first debt on the business was raised in September 2016, when Argus was sold to global growth equity firm General Atlantic for almost £1bn, enabling the Nasmyth family to exit the business. Binks kept his entire shareholding in the business as did many other employees.
Today, Argus has offices in 20 countries and employs more than 850 staff in all the key commodity trading, producing and consuming centres. Argus has customers in more than 140 countries and produces over 23,000 price assessments on a daily basis covering energy, fertilizer, petrochemical and metal markets.
In presenting the UK award, the EY judges praised Binks for his integrity, vision and perseverance in building an international business over many years, primarily through organic growth.
Adrian Binks said: “I am particularly pleased to win the award in the international category. The commodity business is truly global and we have only been able to succeed as a company because we committed to that vision and expanded internationally to provide the services our customers need.” He added: “I would like to acknowledge and thank the highly skilled and loyal colleagues who have been with me at Argus over the years. They have all worked tirelessly on our mission to bring transparency to opaque global commodity markets.”
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About Argus Media
Argus is an independent media organisation with more than 850 staff. It is headquartered in London and has 20 offices in the world’s principal commodity trading and production centres. Argus produces price assessments and analysis of international energy and other commodity markets, and offers bespoke consulting services and industry-leading conferences.
Companies in 140 countries around the world use Argus data to index physical trade and as benchmarks in financial derivative markets as well as for analysis and planning purposes.
Argus was founded in 1970 and is a privately held UK-registered company. It is owned by employee shareholders and global growth equity firm General Atlantic.
ARGUS, the ARGUS logo, ARGUS MEDIA, ARGUS DIRECT, ARGUS OPEN MARKETS, AOM, FMB, DEWITT, JIM JORDAN & ASSOCIATES, JJ&A, FUNDALYTICS, METAL-PAGES, METALPRICES.COM, Argus publication titles and Argus index names are trademarks of Argus Media Limited.