SBG Securities, Standard Bank Group's equity broking operation in South Africa, has expanded its equity research franchise with a series of new appointments. These appointments will boost the equity research offering in South Africa and assist in the coordination of pan-African, European, Middle East, Africa and otheremerging markets sector coverage for Standard Bank Group (SBG).
Marc Ter Mors, Standard Bank Group's Global Head of Equity Research, says: "SBG Securities is aspiring to establish itself as the go to broker for sub-Saharan Africa. The new appointments greatly enhance our abilities to service customers needs in sought after sectors like resources, oil and gas, telecommunications, branded consumer companies and financial services, and to provide these services in rapidly expanding emerging markets.
"We firmly believe that to do this SBG Securities has to attract and hire the best sector specialists to be able to provide our customers with new insights tomake investment decisions."
Financial sector coverage will be re-established, firstly by the appointment of Voyt Krzychylkiewicz as South Africa Banks Analyst and Financial Sector Coordinator for Africa.
Mr Krzychylkiewicz joins SBG Securities from Deutsche Bank where he established a top rated sector franchise for the coverage of the South African banking and specialty finance sectors. Mr Krzylchylkiewicz will take on additional responsibility in coordinating Standard Bank's financial sector research across sub-Saharan Africa.
Risto Ketola will join SBG Securities to establish and grow the research offering in the life assurance and general insurance sectors. Mr Ketola joins SBG Securities after running an independent research company based in Finland but focused on the Southern African insurance markets and advising both industry players and institutional investors. As an actuary Mr Ketola is well respected in the wider life assurance industry in southern Africa.
Nicole Penny will join Mr Krzychylkiewticz's team as the Specialist Finance Analyst. Ms Penny joins SBG Securities from Deutsche Bank and is a Chartered Accountant who specialized in financial sector audits.
In the Consumer and Industrials team, Kirsty Laschinger will head Retail and Luxury Goods sector research. Ms Laschinger joins SBG Securities from Investec where she established a top rated franchise for retail sector coverage. Ms Laschinger has numerous years of experience on the sell-side covering the South African retail sector. She also covered listed equities and worked in private equity in the broader southern African region.
Sumil Seeraj has been appointed as an Equity Research Analyst in the Consumer Team. He will work with Brendan Grundlingh covering a wide range of consumer staples companies and focusing on global soft commodity trends.
These hires in SBG Securities' Johannesburg office follow recent equity research appointments in the Global Resources field in Standard Bank Group's London office. Peter Davey has been hired as Head of Metals and Mining Research. Mr Davey has over 20 years sell side experience advising on investment opportunities across the global mining landscape. Earlier in his career he occupied several senior mining management positions at Impala Platinum and Gencor in South Africa.
He joined Standard Bank Group after heading the mining research business for Ambrian Partners in London. Prior to that Mr Davey had occupied mininganalyst positions at several global investment banks.
Lionel Therond is appointed as the Head of Oil and Gas (O&G) Research bringing to bear 25 years of involvement in this globally integrated sector. Mr Therond's experience combines upstream oil and gas industry and fund management expertise. Mr Therond joins Standard Bank from Fox-Davies Capital where he headed Oil & Gas sector coverage. Prior to that he worked for 13 years at JPMorgan Asset Management. He started his career at Royal Dutch Shell as a Geoscientist and held several international management positions.
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