Outstanding specialists for valuable capital market information
Our widely acclaimed Investment Research division brings you insights from the source. The team
offers micro-research for company and stock analysis and macro-research that produces macroeconomic
analyses and develops investment strategies on the capital market. From the top-down (macro) point
of view, we consolidate our regional expertise to economy, interest and currency forecasts. We turn
our local expertise and close relationship with the companies into sophisticated company studies.
Continuous comparison of data and results from both the top-down as well as bottom-up (micro)
points of view enables us to look at companies in the context of the economy as a whole and
enhances the quality of our work. Thanks to the short lines of communication at our bank,
information is shared intensively and in a timely fashion; this is highly beneficial for our
clients when taking investment decisions.

