Exotix Capital has expanded its research team with analysts to focus on frontier markets in Asia and Africa.
Waseem Khan, formerly of Chittagong-based brokerage BRAC EPL, joins as an equity research analyst for financial companies in Bangladesh.
Tracy Kivunyu, formerly of Johannesburg-based investment bank African Alliance, joins as a senior equity research analyst for telecoms across frontier markets, based in Kenya.
“While many sell-side firms are cutting their research teams in the face of MiFID II, Exotix remains committed to investing in our unique research model that combines world class sectoral analysis and deep local market expertise,” said Exotix Capital chief executive Duncan Wales.
The second version of the Markets in Financial Instruments Directive (MiFID II) is due to be implemented on January 3 and will require asset managers to be transparent about the cost of broker research.
Exotix Capital has also hired Bansi Jashapara, former head of research sales for SLJ Macro, a UK-based hedge fund, as head of sales for research, analytics and data in Europe, the Middle East and Africa.
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