2024 Global Banking Research Outlook

Gerard is responsible for providing bank and regional economic research to the firm's clients. Prior to joining our research department in 1988, he was employed by Unum Corporation as a senior bank analyst. He began his professional career with Gulf+Western Industries as a merger and acquisition analyst. Gerard is president and a member of the board of directors of the BancAnalysts Association of Boston, Inc. He is also a former member of the board of directors and secretary of the New York Bank and Financial Analyst's Association. Gerard is the creator of the Texas Ratio, a ratio used by investors to determine whether a bank could be insolvent

Jon brings over 20 years of experience as a research analyst to his coverage of financial services, including banks and consumer finance companies. Prior to joining RBC Capital Markets in 1999, he was a financial services research analyst at US Bancorp Piper Jaffray in Minneapolis. He was also a treasury manager for Graco, Inc. and a CPA for KPMG LLP, specializing in financial services companies.

Anke joined RBC Capital Markets in 2011 as a European banks analyst. She started as a banks analyst in 1999 and since then has covered European banks at Morgan Stanley, Lehman Brothers and Execution Noble. Anke holds a master's in business administration from Cologne University in Germany.

Darko rejoined RBC Capital Markets in 2013 to assume coverage of the Canadian banks and life insurance sector. He has covered the Canadian banking industry since 1999 and the Canadian life insurance sector since 2006, and has been ranked highly in various industry surveys. In 2016, he was named a Top Gun analyst for his coverage of the Canadian banking sector and the Canadian life insurance sector in the Brendan Wood International survey. Darko began his career in equity research in 1999 as an associate on our financial services equity research team. From 2002 to 2013, he was an equity analyst at Blackmont Capital, CIBC and Cormark Securities. Darko completed his MBA at SDA Bocconi in Milan and is a CFA charterholder. He is a Managing Director of RBC Capital Markets.

Benjamin has worked at RBC Capital Markets since 2015 and is responsible for the coverage of UK banks (and large cap Spanish banks. He has previously worked at Barclays, and at Deloitte where he was an accountant in financial services specializing in the valuation of derivatives. Benjamin holds an MA in Law from Oxford University (St Edmund Hall) and is a qualified ACA Chartered Accountant.