Paris, 6 July 2022

Kepler Cheuvreux is pleased to announce that Arnaud Girod has been appointed Head of Economics & Cross-Asset Strategy, replacing Christopher Potts. After eight years as Co-Head of Institutional Research, Arnaud is returning to his first passion: the market. He will be supported by a team of five senior members: Philippe Ferreira, appointed Deputy Head of Economics & Cross-Asset Strategy, who recently joined Kepler Cheuvreux after many years of experience in Cross-Asset Strategy at Société Générale CIB, Lyxor AM and CIC, Martin Guri (Head of Nordic Strategy), Clément Genès (Senior Economist), Joakim Tabet (Strategist), and Edouard Garrana (top Institutional Investor Survey, Senior Chartist).

I’m thrilled to be given the opportunity to work even more closely with such a great team, reinforced by the arrival of Philippe Ferreira who will extend our range of expertise. We look forward to supporting our clients during this complex market phase” stated Arnaud Girod, Head of Economics & Cross-Asset Strategy at Kepler Cheuvreux.

Kepler Cheuvreux Group wishes to warmly thank Christopher Potts for his outstanding contribution over many years.

In addition to this announcement, Kepler Cheuvreux has appointed Natalia Bobo as Co-Head of Institutional Research and Marco Baccaglio as Co-Head of Institutional Research & Head of Primary Research to continue the development of this activity.

Head of Economics & Cross-Asset Strategy – Arnaud Girod

Arnaud (a Franco-Italian national) was Co-Head of Institutional Research at Kepler Cheuvreux for eight years, working alongside Jose Hernandez and Mathieu Labille. During that time, he helped expand the company’s stock coverage from around 400 to 1,000 stocks, and passionately promoted the values of independence and collaboration. He developed Das Research, the company’s quality standard, and in-depth research templates, as well as the video platform KC Discovery, and also led Kepler Cheuvreux’s ESG integration project. Since 2013, Arnaud has also authored a hybrid top-down/bottom-up quarterly report that builds European high-conviction portfolios. He joined Kepler Cheuvreux in 2008 as an Equity Salesperson selling European equities to UK investors. He started his career in 2001 with BNP Paribas in London after graduating from Paris Dauphine University with a Master’s degree in Financial Markets.

Deputy Head of Economics & Cross-Asset Strategy – Philippe Ferreira

Philippe has extensive experience, having worked as an Economist and a Cross-Asset Strategist over the past 20 years. He spent more than 15 years at Société Générale in a variety of positions, both in sell-side and buy-side research. He started his career as an Economist in international organisations in the early 2000s. Philippe joined Kepler Cheuvreux in June 2022 as Deputy Head of Economics & Cross-Asset Strategy. He graduated from the Panthéon-Sorbonne University and has a Master’s degree in international and quantitative economics.

Co-Head of Institutional Research – Natalia Bobo

Natalia was a sell-side analyst for more than 25 years, covering a range of sectors at various brokerage firms – including 14 years at Kepler Cheuvreux, where she focused on healthcare, retail, IT, media, and energy stocks. In 2017, she joined TREA Asset Management as Head of Equity Research and a member of the ESG team. She returned to Kepler Cheuvreux in 2021 to form part of the Content Management team as Deputy Head of Institutional Research, leveraging on her extensive expertise in research on both the sell-side and the buy-side. Natalia graduated in Business Administration from CUNEF in Madrid.

Co-Head of Institutional Research & Head of Primary Research – Marco Baccaglio

Marco joined Kepler Cheuvreux in November 1993, first as a trader (1993-96), then an equity analyst in the Industrial and Media sectors (1996-98) and Deputy Head of Research covering the telecom sector before being appointed European coordinator for the telecom sector in 2002. He was Head of Italian Equity Research between 2004 and 2013 and has been Head of Primary Research since 2021. Marco received his degree in Economics (specialising in financial markets) from Bocconi University in Milan, Italy. He is a CFA Charterholder.

About Kepler Cheuvreux

Kepler Cheuvreux is a leading independent European financial services company that specialises in Research, Execution, Fixed Income & Credit, Structured Solutions, Corporate Finance, and Asset Management.

The group employs around 600 people and is present in 13 major financial centres in Europe and the US: Amsterdam, Brussels, Frankfurt, Geneva, London, Madrid, Milan, New York, Oslo, Paris, Stockholm, Vienna, and Zurich.

Group key figures:

* 1st independent European equity broker.

* EUR2bn of equities traded on average daily.

* 1st Sell-Side Equities Trading Desk (Markets Choice Awards 2021).

* 1st Equity Research coverage in Continental Europe.

* 1st Country Research (Institutional Investor 2021).

* 13 major financial centres in Europe and the US.

* 600 employees.

* 1,200 institutional clients