Page 1 of 2
Before joining Sanford C. Bernstein & Co. as an
Internet analyst in 2010, Carlos Kirjner-Neto enjoyed
success in not one but three fields of professional endeavor.
He spent nearly a decade as a technology and telecommunications
industry consultant with McKinsey & Co. in New York; then
directed business development at Vodafone Group, a
multinational telecom giant headquartered in the U.K., and at
Sunnyvale, Californiabased software developer
Telegent Systems; and finally in 2009 was tapped by the U.S.
Federal Communications Commission to help create a national
Kirjner-Netos impressive résumé he
also holds a Ph.D. in computer science from the University of
California, Berkeley caught the eye of talent
scouts at Bernstein, which hires established consultants
and industry experts and trains them to become equity analysts
rather than enticing researchers away from other sell-side
firms or promoting from within its own ranks.
Its really about finding great people and
facilitating them, says New Yorkbased Daniel Dowd,
director of equity research. Its not like
Bernstein makes them stars. We provide the platform for
great people to become stars.
Money managers agree. Each year when Institutional
Investor asks buy-siders to indicate who among their
sell-side counterparts merits inclusion on the
All-America Research Team, we also ask them to
identify the Rising Stars of Wall Street Research
analysts who have been publishing research for less than three
years but already appear destined for greatness. Five of the
nine Bernstein analysts who were dubbed Rising Stars in 2011
have risen to the 2012 team.
What about this year? Morgan Stanley leads the lineup,
with eight of its analysts considered among the best
up-and-comers. Bernstein lands in second place, with
seven Rising Stars. (Last year these two firms shared the top
spot; two of Morgan Stanleys 2011 stars have advanced to
the 2012 team.) Barclays, which tied for 15th place last year,
rockets to share the third tier with Credit Suisse, which jumps
from No. 6. These banks are home to five standout analysts
each for Barclays that is a net increase of four; for
Credit Suisse a gain of two.
Kirjner-Neto, 46, acknowledges that his experience accords
him insights that other analysts dont have. For example,
I understand the details of Googles page-rank
algorithm. This isnt crucial to the analysts job,
because I think there are several analysts who [cover the
Mountain View, Californiabased company] very well
and dont understand these issues, but it is
helpful, he says.