The lead adviser to a slew of London-listed natural sources companies at JP Morgan is poised to join Essar Global, Financial News can reveal, while a colleague, named a Financial News rising star last year, has also left.

Joe Seifert, an executive director in JP Morgan's UK natural resources investment banking team, will join Essar Global, the private holding company for all of the Essar Group interests, in a senior finance role, according to three sources familiar with the situation.