Thomas Mortlock-Chapman

Tom Chapman joined the team this year after relocating from the Jefferies Australia team. Rizk Maidi joined Jefferies in 2019 to cover the European machinery stocks, and this year has taken over as head of the team with over 15 years’ experience. Lucas Ferhani joined the team in 2020, covering the power, cables and warehouse automation subsectors, with close to 10 years of experience. George Farmiloe joined this year after transferring from the Jefferies product management team. Billal Ismail joined Jefferies in 2024 as the Industrials Specialist Salesperson.

What We Are Known For

• With decades of experience in the team we bring deep sector expertise and a global perspective to local market dynamics. This allows us to identify structural shifts, assess cyclical inflections, and understand how macro themes such as electrification or reshoring impact company fundamentals.
• Our calls are grounded in detailed fundamental work, and at the same time we integrate thematic drivers into our investment process, ensuring our recommendations reflect both near-term catalysts and long-term structural trends. We are prepared to take differentiated views where the market narrative diverges from underlying data, calling a street high target on stocks where we are bullish.
• We develop proprietary tools that go beyond standard metrics (elevator capacity trackers, low-voltage proxies), enabling us to capture leading indicators of demand and margin evolution which underpin our stock calls. We also add regular calls and channel checks with our expert network to further add to our research process.