Alexander Wright

Alex Wright joined Jefferies in 2023, after spending the previous 8 years at Nau Securities. He has over 25 years of experience covering TMT sectors in Global Emerging Markets, and in recent years has expanded coverage to Consumer sectors including Retailing, E-commerce and Beverages. In the last year he has published extensive sector reports on e-commerce, Mexican Retail, Beer and Soft Drinks, and Drug Retail, as well as a regular product, ‘Navigating the Digital Landscape’ focused on key themes and developments in the digital consumer and fintech space in Latam.

Jefferies Latin American equity research team is headed by Pedro Baptista who joined Jefferies in 2023 and is responsible for consumer and special situations (inc. Holding companies). The team also includes Iñigo Vega who joined in 2023 and has built full coverage of banks and fintech in Latin America and Alejandro Demichelis who also joined Jefferies in 2023 and is responsible for covering Latin American energy, infrastructure, and industrials. The analysts are also supported by associates Antonio Cardoso and Francisco Barbosa, who joined Jefferies at the beginning of 2025.

Alex Wright key sectors and stocks under coverage include:

Financials Nonbanks: MercadoLibre
Retailing: MercadoLibre, Walmex, Tiendas 3B, RD Saude
TMT: America Movil, TIM Brasil, Vivo
Food & Beverages: Ambev, Arca Continental, Coca-Cola Femsa

What we are known for:

• Special situations: Focus on change and special situations (OPAs, M&A, buybacks, spinoffs, abnormal NAV discounts, asset backing)
• Holding companies: We are the only firm offering dedicated research on 30 Latin American conglomerates and holding companies and we apply a consistent framework to identify opportunities
• Long-term fundamental focus on key value drivers, drawing on our experience in other emerging and developed markets as well as leveraging on Jefferies’ global sector expertise.
• Thematic work on areas such as Nearshoring, Fintech, Disruption, Education, Energy Transition, Digital Consumer, Demographics. Latin America has become a global Fintech hub and is home to one of the world’s largest neobanks, Nu Holdings Ltd.
• Leveraging on JefData to drive proprietary insights into the themes above, for example using app and web traffic data, user overlap, retail store mapping, weather data
• Anti-consensual: We are comfortable taking anti-consensual views where we have high-conviction in research-led insights
• Small and mid-cap coverage: We research large and small firms, and this has become increasingly differentiated given the collapse in commitment to SMID coverage across the market