London, 08 October 2015
Macquarie Securities has appointed Iain Reid as Head of European Oil and Gas Research, based in London. He joins from Bank of Montreal where he was Managing Director, Global Integrated Oil Analyst.
Leading a team of five analysts covering 35 small, mid and large cap stocks, Iain will focus on the “Supermajor” integrated oil stocks on a global basis including BP, Royal Dutch Shell, Total, ExxonMobil and Chevron. Iain will leverage Macquarie’s global oil and gas research platform to deliver insight into some of the key stocks impacting the sector. His hire also complements Macquarie’s existing credentials in UK small and midcap oil companies where the business is aligned to a strong ECM capability.
Iain brings with him two decades of experience covering European, US and emerging market oil companies. Previously ranked #1 by Extel, Iain began his career in equity research at UBS. Prior to this he spent 16 years in the oil industry working for Shell and Hess. Before joining Bank of Montreal, Iain was Senior Managing Director at Jefferies, having joined from Macquarie where he was European Integrated Oil Analyst from 2008 to 2010.
Dipesh Patel, Head of Cash Equities, EMEA commented: “Iain brings to Macquarie a wealth of experience, insight and relationships in the oil and gas sector. We welcome him back to the team and look forward to building out our oil and gas research offering in EMEA.”