Andrew Bevan

I graduated with a first class BA in economics from Reading University in 1978 and was awarded a PhD in international monetary economics from City University in 1986. The subject of my thesis was an examination of speculative efficiency in the foreign exchange market, within the framework of a general equilibrium model. Separately, I also hold a PhD in theology from Kings College, London, awarded in 2002.

I started my career in 1978 with J&A Scrimgeour, a London-based specialist gilt broker. I then held posts with Chase Manhattan bank (1979-1983) and Midland bank (1983-1986) in London, working as an economist. In both positions, I specialised in the forecasting of interest rates and exchange rates. Having spent the first part of my career in the money and foreign exchange markets, I was then appointed Head of International Fixed Income Research at Drexel Burnham Lambert (1986-1988). I was subsequently Head of International Bond Research at West LB UK (1988-1990) and Head of the Financial Analytics and Structured Transactions group at Bear Stearns International (1990-1994). 

In 1994, I was appointed Director of International Bond Research at Goldman Sachs in London. I  was appointed Managing Director in 2000, and became Co-Head of Global Markets Research, producing research and trading strategy for foreign exchange, money markets, government bonds and corporate bonds. I retired from this post in 2005, started my own independent consulting company, and prepared to teach at the International Capital Markets Association (ICMA) Centre at Reading University.

In May 2006, I was invited to join Fulcrum Asset Management as Research Director. Fulcrum was established by Gavyn Davies (the former Chief Economist of Goldman Sachs and Chairman of the BBC) and Andrew Stevens (a senior money manager for twelve years at Goldman Sachs Asset Management) in 2004, and is based in Mayfair, London. 

During my career, I have frequently been voted one of the leading global bond strategists by institutional investors, travelled extensively, and gained wide-ranging experience of working with the media.