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Charles Dumas

Charles Dumas

Chief Economist

Charles Dumas joined LSR in 1998, LSR’s Chief Economist since 2005. He is recognised as one of the world’s leading macroeconomic forecasters. He has written several books on the global economy, including ‘Globalisation Fractures’ (2010), which earned praise from Bank of England Governor Mervyn King: “To understand the causes of the financial crisis, read this insightful analysis.”

Charles has 40 years’ experience as an economist and financial markets professional. In the 1980s he was Head of Research for JP Morgan in London. In the 1970s he was Director of European Economics for General Motors.

Before that he worked on tax reform for the Conservative Party and as a journalist on The Economist newspaper. He was a Managing Director in JP Morgan's New York M&A department from 1988 to 1992 and had previously worked in its capital markets group in New York and London.

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Andrea Cicione

Andrea Cicione

Head of Strategy

Andrea joined LSR in August 2012 and is currently Head of Strategy.

He concentrates on providing advice on medium-term asset allocation as well as developing tactical investment and trading ideas.

His main focus is cross-asset macro strategy, with a particular emphasis on the global fixed income and equity markets.

Andrea spent over ten years in financial markets on both the buy and sell side and his experience covers corporate bonds, credit derivatives and equities. He holds an MBA from the London Business School with a specialisation in finance. An engineering graduate, he spent the first years of his career developing chassis systems for Alfa Romeo cars.

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Steven Blitz

Steven Blitz

Managing Director, Global Macro, Chief US Economist

Steven joined the company in 2017.

His professional experience as economist and portfolio manager began in the late 1970s.

It includes econometric modelling at Data Resources Inc., creating interest rate and FX derivatives strategies at Salomon Brothers, managing US and global fixed-income portfolios at OFFITBANK, being global head of fixed-income at Lazard Asset Management and, more recently, as Chief Economist at M Science he developed “big data” to underpin his analysis of the economy, central bank policies, and capital market pricing.

Aside from his extensive client-facing work, Steve is a well-known commentator on economic and financial issues, is frequently quoted in the financial press, appearing on TV and radio, and writing guest columns for financial publications.

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Dario Perkins

Dario Perkins

Managing Director, Global Macro

Dario Perkins joined the company in 2011 and is Managing Director, Global Macro. He covers a wide range of global macroeconomic themes and writes the fortnightly LSR Macro Picture.

Dario has extensive experience as an economist in both the public and private sectors.

At the UK Treasury he co-ordinated Gordon Brown’s global economic forecasts and was responsible for designing the structure of the Bank of England’s Financial Policy Committee. He also produced an important review of the BoE following the 2008 crash.

At ABN AMRO he was the City’s top-rated European economist for three consecutive years, earning a reputation for his communication skills and central-bank forecasting record.

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Kenneth Wattret

Ken Wattret

Managing Director, Global Macro, Chief Europe Economist

Ken joined TS Lombard in 2017, having been working as an economist in financial markets since the early 1990s, initially for HSBC and subsequently for BNP Paribas.

From 2000 onwards, he was the chief market economist for the euro area at BNP Paribas, contributing also to the forecasting and presenting of the bank’s views on key global economic and policy issues.

Ken also has emerging market experience, co-leading the coverage of Central and Eastern Europe, Middle East and Africa (CEEMEA) at BNP Paribas from 2012 onwards.

His high-profile ‘out of consensus’ calls include predicting as early as 2012 that persistent low inflation would prompt the European Central Bank to conduct large-scale sovereign debt purchases despite strong opposition within many euro area member states, including Germany.

A lead speaker at client seminars across a wide range of locations, Ken participates in panel events, including central bank monetary policy forums.

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Shweta Singh

Shweta Singh

Senior Economist and Director, Global Macro

Shweta joined LSR in 2011 and is Director, Global Macro. She is a senior global economist and specialises in the euro area. Shweta was also the company’s lead emerging markets (EM) economist.

Shweta started her career as a Researcher at the London School of Economics and Political Science (LSE). Before joining LSR, she was an Economist at Morgan Stanley (MS) for four years in Mumbai and Singapore.

At MS, she was a member of the top-rated Asia Economics team (Institutional Investor Survey). She has also worked as a Researcher at the UN.

Shweta is a regular commentator in TV and print media. She holds an M.Sc. in Economics from the LSE. She is currently pursuing MSc. in Finance (part-time) from the London Business School.

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Ollie Brennan

Oliver Brennan

Senior Macro Strategist

Ollie joined LSR in April 2017 and is part of the Macro Strategy group, working on medium-term asset allocation and shorter term tactical investment ideas with a particular focus on currencies and fixed income.

He has ten years’ experience in financial markets on the buy- and sell-side, most recently as FX strategist in a large macro hedge fund. At State Street he helped launch the new inflation product “PriceStats”. As well as being an experienced market strategist he has been closely involved in portfolio construction, risk management and trade structuring throughout his career.

Ollie holds an M. Phys in Physics from Oxford University and before joining the financial market was a high-school physics teacher.

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Michelle Lam

Michelle Lam

Senior Economist

Michelle Lam joined Lombard Street Research as an Economist in January 2014.

She is based in our Hong Kong office and focusses on China and the UK. She previously spent two years in the Market Economics division of BNP Paribas in London where she provided support to a team of European economists and helped analyse topical financial market issues.

Michelle earned a first-class honours degree in Economics from UCL in 2010. She continued her interest in Macroeconomics at Cambridge University where she obtained an M.Phil. degree in 2011. Her dissertation focuses on measuring the impact of economic data surprises on inflation expectations.

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Konstantinos Venetis

Konstantinos Venetis

Senior Economist

Konstantinos Venetis joined LSR in February 2015 as an economist. His coverage is global, with a focus on Japan and North Asia. He also publishes on oil and the industrial metal markets.

He has well-rounded experience in financial markets, starting his career at Bear Stearns’ investment banking division and subsequently working as a trader, fund manager and research analyst.

Konstantinos holds an M.Phil. in Economics and a B.A. in Philosophy, Politics & Economics from Oxford University.

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Martin Shenfield

Martin Shenfield

Senior Macro Strategist

Martin Shenfield joined LSR in October 2014 to promote and communicate the firm’s Macroeconomic and Strategy views. He works closely with the analysts and complements the sales team in presenting and interpreting LSR’s core insights and recommendations.

He has 36 years of broad international fund management experience managing various long-only institutional, mutual and absolute return and hedge funds as well as undertaking CIO & global asset allocation responsibilities.

Having worked in financial centres such as London, Hong Kong, Tokyo and Singapore, Martin has accumulated a deep knowledge of global macro analysis and asset allocation, complemented by fundamental stock-picking.

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Leigh Skene

Leigh Skene

A financial markets professional with a long career in investment banking, trading and economic consultancy, Leigh Skene has been a consultant at LSR since 2004. He continues to write for LSR in his blog ‘Skene’s Scene’.

Leigh wrote three prescient LSR reports in 2007 that warned of the systemic risk from rising levels of debt - The ABC of 21st Century Risk; The Sub-prime Mortgage Fiasco – The Start of Something Big; and Credit and Credibility.

Leigh analysed and traded debt at the Sun Life Assurance Company of Canada in 1958-62. He moved to become Head of Fixed Income Trading at Burns, Fry, where he became Chief Economist in 1972. His weekly Bond and Money Market Letter and Economic Commentary had wide followings.

In 1980, he became an independent economic consultant and wrote articles for several publications.

He has written six books: Managing a Bond Portfolio (1977), The Canadian Economy; Its problems and its potential (1978), That’s the Way the Money Goes (1988), Cycles of Inflation and Deflation: Money, Debt and the 1990s (1992) The Impoverishment of Nations (2009) and Surviving the Debt Storm (with Melissa Kidd 2013).

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Eugenio Montersino

Eugenio Montersino, CFA

Senior Quantitative and Risk Analyst

Eugenio Montersino joined LSR in May 2011 as a member of the Strategy team, where his focus is on cross-asset investment strategies. He develops systematic trading strategies and screenings, strategic and tactical asset allocation models, and portfolio construction and risk analysis tools.

He previously spent three years working for an Italian independent asset management company.

Eugenio was part of the Risk Management team, developing market risk models for managed portfolios, before becoming Quantitative Analyst and Assistant Portfolio Manager for the company’s European Long/Short equity fund in London.

Eugenio, a CFA charter holder, graduated from the Bocconi University (Milan) in 2008. He holds an M.Sc. in Finance, specialising in quantitative methods and risk management.

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Davide Oneglia

Davide Oneglia

Research Assistant

Davide joined the LSR Macro team in January 2017 to provide support to the economists in developing the Global Leading Indicators and creating new publications.

Prior to this, Davide spent a year and a half working for the Securities and Finance practice of NERA Economic Consulting in London, where he focussed on asset pricing.

Davide graduated in Economics from Bocconi University in 2013, holds a M.Sc. in Economics and Management from the LSE and he is currently a CFA Level II candidate.

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