Rafael Fernandez de Heredia joins the firm as Head of Equity Research in Madrid. Rafael joins from Invercaixa where he was Head of Research for the past 2 years. Before that he worked as an analyst at Banesto Bolsa from 1995 to 1998. Rafael graduated from the Autonoma University of Madrid in 1991. Jose Javier Ruiz also joins the Madrid office, covering the Iberian utilities sector. Jose joins from Invercaixa where he was a pan-European utilities analyst since 1998. Before that he was a utilities analyst at Eurosafei since 1995. Jose obtained an MBA in Economics and Business Administration from the University of Barcelona in 1993. Rafael's appointment represents an important step in the build-up of our Madrid equities platform under Ricardo Mandelbaum, with the appointments in the last two months of Eric Hongisto and Alfonso Escarate on sales trading and Pedro Guinea and Felix de Gregorio on pan-European equity sales.
Guy Philips joins the firm as Head of the Chemicals sector team based in London. Guy joins the firm from SG Securities where he was a pan-European chemicals analyst since 1996. Prior to SG Securities, Guy was at BZW from 1992 to 1996. Guy has also worked previously at Robert Flemings and Salomon Smith Barney. Guy obtained a BSc degree from Bath University in 1985. He is joined by Hans Zayed, who returns to BNP Paribas from ING Barings.
Peter Brockwell is joining the General Retail team. Peter joins from Chase Flemings where he headed the pan-European non-food Retail effort since 1999. Prior to Robert Flemings, Peter was at Morgan Stanley Dean Witter from 1992 to 1999 as a UK stores analyst. He graduated from York University with a BA Hons degree in Economics in 1987. Elsewhere Xavier Le Mene joins the Food Retail team from Aurel-Leven where he worked as a retail analyst since 1999. Before that he was at Eurostaf (Groupe Les Echos) as head of the retail and food manufacturing sectors.
On the insurance side, Craig Bourke joins from Credit Suisse First Boston where he worked as a UK Insurance analyst since 1999. Prior to that he was the UK Insurance analyst at Credit Lyonnais since 1997. Before that he was an Internal Actuarial Consultant at the Prudential Corporation. Craig graduated from the National University of Australia with a BA Hons degree in Maths and obtained a Diploma in German from the University of Vienna. Karlos van Endert joins as a European Insurance analyst, from Commerzbank, where he covered the insurance sector first in corporate finance and then in equity research .He holds an MBA from the European school of Management.
Patrick Shields has been named Head of the Technology group within Equity Research in addition to his role as Head of Research in Frankfurt. The technology team has also been reinforced with the appointments of Adam Ahepherd, who joins from PA consulting and Alexandra Lord from BT Openworld Business Development Finance. Both will cover software stocks.
Francesco Ruffini joins the Equity Research team in Milan focusing on small cap high growth stocks. He joins from Edison Spa where he worked in Treasury and Project Finance.
Irem Kinay joins the firm as a Food Manufacturing Analyst. Irem joins from Morgan Stanley Dean Witter's Corporate Finance department in New York where she specialised in food manufacturing and beverage companies.
Commenting on these appointments, Jo Darlington, said "We are extremely happy with all of our recent hires to the European Equity Research platform. These appointments, as well as the recent appointments of Hugh Pye as Global Head of Banks Research and Alex Holcroft as banks analyst, reiterate our commitment to delivering the highest quality research to our clients"