Retailing/Department Stores & Specialty Softlines
Mr. Drbul is a Senior Managing Director and Equity Research Analyst covering the Retailing/Department Stores & Specialty Softlines sector. He has over 20 years of relevant experience. Prior to joining Guggenheim, Mr. Drbul was at Nomura Securities and previously spent 16 years at Barclays/Lehman Brothers. He has been voted onto the Institutional Investor All-America Research Team 19 times in Apparel, Footwear & Textiles and Retailing/Broadlines & Department Stores. Mr. Drbul received a B.A. in Economics from Yale University and his M.B.A. in Finance from the Johnson Graduate School of Management at Cornell University.
Mr. Faghri is a Managing Director and Equity Research Analyst covering the Automotive sector. He has 14 years of relevant experience. Prior to joining Guggenheim in early 2018, Mr. Faghri was Senior Vice President and Lead Automotive Retail Analyst at both Susquehanna International Group and Sterne Agee. Before starting his career on the sell-side, he was a buy-side analyst at SAC Capital Advisors and Tudor Investment Corporation. Mr. Faghri earned his B.S. in Engineering from Cornell University.
Mr. Forbes is a Managing Director and Equity Research Analyst covering the Hardlines Retail sector. He has more than 10 years of relevant experience. Prior to joining Guggenheim, Mr. Forbes was an Assurance Associate at PricewaterhouseCoopers (PwC) in the U.S. Health Industries Practice. He earned a B.S. in Accounting from Lehigh University. Mr. Forbes is a licensed Certified Public Accountant in New York and a CFA® Charterholder.
Mr. Francfort is a Director and Equity Research Analyst covering the Restaurant sector. He has 10 years of Wall Street research experience. Prior to joining Guggenheim, Mr. Francfort was the lead Restaurant analyst at Bank of America Securities since 2016. He earned his B.A. in Physics and Economics from Georgetown University and is a CFA® Charterholder.
Beverages & Food Producers
Mr. Grandet is a Managing Director and Equity Research Analyst covering the Beverages and Food sectors. Mr. Grandet has over 25 years of experience in the industry, first at Danone, then at PepsiCo, where he held multiple global positions in strategy, marketing and product innovation. Prior to joining Guggenheim, Mr. Grandet spent 2.5 years at Credit Suisse, where he was a Managing Director and Senior Analyst covering U.S. Beverage companies. Mr. Grandet was recognized as an Institutional Investor “Rising Star” in 2017, his first year as an analyst, and #1 stock picker in 2019 by Starmine. Mr. Grandet earned his Master's in Business and Management from the Institut Supérieur du Commerce de Paris.
Food Retailers; Consumables Retail/Distribution
Mr. Heinbockel is a Managing Director and Equity Research Analyst covering the Food Retailers; Consumables Retail/Distribution sectors. He has over 30 years of relevant experience. Prior to joining Guggenheim, Mr. Heinbockel worked at Goldman Sachs for 21 years. He has been recognized on numerous occasions by The Wall Street Journal and StarMine as “Best on the Street” for earnings estimation and stock picking and as a member of Institutional Investor’s All-America Research Team. In 2016 he was named the #1 earnings estimator in Food & Staples Retailing in the Thomson Reuters Analyst Awards. Mr. Heinbockel is a graduate of Fordham University.
Mr. Sigman is a Managing Director and Equity Research Analyst covering the Consumer Internet sector with a focus on e-commerce retailers and other digital first consumer product and service companies. Mr. Sigman has over 15 years of relevant experience. Prior to joining Guggenheim, Mr. Sigman was at Credit Suisse, most recently covering the Broadlines/Hardlines Retail sector. Prior to covering retailing, he served as the lead Small/Mid-Cap Consumer Discretionary Analyst at Credit Suisse, with coverage that spanned media, retail, and other consumer services. During his career, Mr. Sigman has been consistently recognized for his research by Institutional Investor’s All-America Research Team poll. Mr. Sigman began his career as a research associate at Thomas Weisel Partners. He received his B.S. in Management with a Finance concentration from Binghamton University.
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