Julian Wellesley, Senior Global Equity Opportunities Analyst

Julian Wellesley is a vice president of Loomis, Sayles & Company and a senior analyst for the global equity opportunities team, covering the financial sector. He has 21 years of investment industry experience and joined Loomis Sayles in 2014. Previously, he was a managing director and financial sector analyst for the global equities team at UBS Global Asset Management in London. Prior to this, Julian worked at Putnam Investments as an Asia-Pacific financial sector analyst. He began his investment career at Schroder Investment Management where he was a Japanese financial sector analyst based in Tokyo and a global financial sector analyst based in New York. Julian earned a bachelor's degree from Oxford University and a master’s degree from Sheffield University.

Recent Posts

Smartphones & Distracted Driving: What’s the Impact on Auto Insurers?

Posted by Julian Wellesley, Senior Global Equity Opportunities Analyst on Mar 27, 2017 2:55:29 PM

Auto insurers have been caught off-guard. Traffic deaths had been in decline for four decades, as a result of Mothers Against Drunk Driving (MADD), seat belts, crumple zones, anti-lock braking systems, air bags and a string of other safety improvements. Then in the middle of 2015 things changed.  Road deaths jumped 7% in 2015, and rose another 6% in 2016.[i]

This has resulted in an unanticipated spike in payouts for US auto insurers. The reason, according to Matt Winter, President of Allstate,[ii] is that the proliferation of smartphones proved an irresistible distraction just as cheap gas prices and a pickup in the US economy resulted in more drivers on the road.

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Topics: Equity Research

European Banks: Be Mindful of Risks in 2017

Posted by Julian Wellesley, Senior Global Equity Opportunities Analyst on Jan 18, 2017 3:05:20 PM

European banks seem to be on an upward trajectory – although improvements are likely to come at a slow pace and with some risks. For the time being, European bank CEOs will continue to look enviously at their counterparts across the Atlantic as US bankers enjoy an optimistic outlook on the possibilities of a stronger domestic economy, higher interest rates and some loosening of US financial regulation. Combined, these factors should increase bank profitability and dividends to shareholders.

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Topics: Equity Research

Could Negative Interest Rates Lead to the End of Cash?

Posted by Julian Wellesley, Senior Global Equity Opportunities Analyst on Aug 18, 2016 10:37:24 AM

Historically, central banks raise interest rates on bank deposits when they want to cool inflation and cut interest rates when they want to stimulate the economy. Since banks pass these changes on to their customers, higher interest rates can make borrowing more expensive and saving money more attractive. Until recently, an interest rate of zero seemed to be the lowest central banks could go and negative interest rates were unthinkable.

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Topics: Equity Research

Chinese Non-Performing Loans – How Bad Can They Get?

Posted by Julian Wellesley, Senior Global Equity Opportunities Analyst on Mar 28, 2016 10:00:00 AM

The main contributor to China’s economic slowdown is its manufacturing sector, which is suffering due to overcapacity and lower global demand for Chinese products. While these conditions have tempered local bank loan growth substantially, there doesn’t seem to be any significant increase in banks reporting non-performing loans (NPL). That is surprising…NPLs typically rise in a country when the economy weakens after a period of very high loan growth.

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Topics: Equity Research

Loomis Sayles analysts are career professionals who offer deep knowledge and experience in a diversity of global asset classes and market sectors. These dedicated experts provide the insight essential to supporting our portfolio management teams across a wide range of investment strategies.


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