Retailing

Antonio Pedro Cardoso joined Jefferies at the beginning of 2025, having spent over two years at Itavera, an asset management company in Rio de Janeiro focused on Brazilian equities, with coverage of the Healthcare, Insurance, Retail, Education and Leisure sectors. He gained his CFA in 2024 and completed an MSc in Finance at HEC Paris

Pedro Baptista joined Jefferies in 2023, after spending the previous 12 years at Nau Securities covering Latin America. He was Head of EMEA and European Small and Midcap Equities Research as well as Deputy Head of European Equities Research at UBS prior to that. Pedro is responsible for consumer and special situations research (inc. holding

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