Marco Nicolai

Marco Nicolai, CFA joined Jefferies in September 2017, covering Southern European Banks. Prior to that Marco spent two years at rating agencies focusing on Financial Institutions. Joseph Dickerson joined Jefferies in February 2013 to build European banks research at Jefferies. He has over 20 years of experience covering banks in Europe & globally in both a sell-side and buy-side capacity. Jonathan Pierce joined in 2024 to partner in co-heading the team and brings over 25 years of experience as a UK banks analyst. Inigo Vega joined Jefferies in 2023, after spending the previous 10 years at Nau Securities, where he built full coverage of banks and Fintech in Latam. He has over 20 years of experience covering Spanish and Latam banks. Alex Demetriou joined Jefferies in September 2023. He has covered banks on the sell-side in both Australia and Europe for the past six years. Theo Massing joined Jefferies in January 2022, helping with the coverage of French, Benelux & Swiss banks. Miruna Chirea joined Jefferies at the end of 2023, having covered European banks on the sell-side for the past 4 years. Priya Rathod joined Jefferies in May 2024, having previously covered the European banks on the sell-side for 3 years, supporting on the UK and Israel coverage. The analysts are joined by industry-leading specialist sales Duncan Farr.

What We Are Known For

• Driving the debate/thought leadership. We apply our knowledge, experience and empirical research to generate high conviction calls that test received wisdom in the sector.
• Globally integrated. We are globally integrated, frequently collaborating (research products & global conference calls) with our colleagues in Hong Kong, USA, Dubai, and Latam.
• Local insight. We match global integration with locally-based capabilities – members of the banks team are based in London, Paris, Milan & Madrid – this provides differentiated insight + local language capabilities.
• Anti-Consensual. We have historically generated alpha by taking anti-consensus views where we have high conviction, even if that view may appear threatened in the short term.