Andrew Lyons

Andrew Lyons joined Jefferies in January 2025, following more than 20 years covering the Australian and Asian banks at Goldman Sachs, RBS and BAML. Most recently, Andrew worked at Goldman Sachs, where he covered the Australian banks, co-headed the Australian equity research team and co-headed the regional FIG (including Property) team in equity research. Andrew holds Bachelor of Commerce (with honours) and Bachelor of Laws (with honours) degrees.

What I am Known For

• Deep understanding on the banking sector, in both a domestic and global context.
• Strong industry access, built up over the more than 20 years covering the sector.
• In depth focus on the drivers of sector earnings, coupling a top-down approach to volumes and asset quality, with a bottom-up approach to net interest margins, earnings and capital requirements.

How I am Different

• More positively disposed to the sector since initiation given relative earnings trends, despite elevated valuations.
• Elevated dividend risk given banks’ now reaching their capital floors.
• Constrained capital positions to result in a more benign competitive environment.

Corporate & Strategic Access

• Regular listed c-suite access
• Asia Forum (Mar-25)
• Differentiated unlisted meetings