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Economics & Strategy: Equity Strategy – First

Deutsche Bank’s seven-­member squad, composed of analysts in Frankfurt and London co-led by Michael Biggs, 40, and Gareth Evans, 39, leaps from runner-­up to capture the crown for the first time.

Michael Biggs, Gareth Evans & team, Deutsche Bank

The buy side says: “They provide helpful insights and strategic updates in this difficult market environment.”

Deutsche Bank’s seven-­member squad, composed of analysts in Frankfurt and London co-led by Michael Biggs, 40, and Gareth Evans, 39, leaps from runner-­up to capture the crown for the first time. Biggs joined the firm in 2001 after earning a Ph.D. in economics at Cambridge University. Evans is a graduate of Cardiff University with a bachelor’s degree in mathematics; he worked as a strategist at ING Bank and UBS before moving to Deutsche Bank in 2009. ­European equities are a “global growth story,” Evans notes, and the team believes divergence will be the dominant theme. “There are material downside risks to growth in the euro area, on the back of a deterioration in credit conditions and fiscal tightening,” he explains. “Meanwhile, the U.S. economy should continue to surprise to the upside.” The strategists project that ­European companies with exposure to Asian and U.S. markets, where cash-flow multiples look attractive, should do well.

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