Marilyn Macdonald

Pan Latin American Equities Sales Specialist

Marilyn Macdonald joined Jefferies in 2023, after spending the previous three years at Nau Securities. Having initially started her career working in the fund management industry, Marilyn moved across to institutional sales 29 years ago having held senior positions at Santander and Credicorp. Marilyn focuses on clients located in the United Kingdom, Continental Europe and the Asia-Pacific region and helps her clients to implement their investment processes by connecting fund managers with regional and global sector analysts, or the senior management of companies ranging from the largest components of the MSCI Latin America index to smaller companies and whether located in Brazil, Mexico, or the Andean region. In everything Marilyn does, she brings her increasingly differentiated multi-decade experience of covering the Latin American region and the ability to position Latin American research ideas in a global context.

What we are known for:

• 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.
• 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.
• 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.
• Special situations: We focus on change and special situations (OPAs, M&A, buybacks, spinoffs, abnormal NAV discounts, asset backing)