Exotix provides Equities, Sovereign Debt and Corporate Credit Analysis, spanning 160+ companies in Frontier and Emerging Markets. This means we’re constantly evaluating and re-evaluating risk and opportunities spanning Africa, the Middle East, South Asia, Europe/CIS and the Americas – providing unique insights based on fundamental research.

Exotix offers a unique sector-specialist model across frontier markets, driven by senior analysts with local support in our key markets to provide a combination of in-depth knowledge with local colour. 

Our top bond recommendations for 2016 returned 35%, more than triple the gain in the benchmark EMBI index.

Research Coverage

Research Services

  • Macro / Strategic Analysis
  • Equities Analysis
  • Credit Analysis
  • Corporate Access / Roadshows
  • Direct Analyst Access
  • Regional Conferences
  • Cross-Product Intelligence
  • Frontier Debt Guidance



  • Agriculture
  • Beverages
  • Cement
  • Chemicals
  • Conglomerates
  • Consumer (Inc. Automobiles)
  • Financials
  • Metals & Mining
  • Oil & Gas
  • Pharmaceuticals
  • Telecommunications
  • Utilities



  • Latin America & Caribbean
  • Sub-Sahara Africa
  • Middle East & North Africa (MENA)
  • South Asia
  • Europe/CIS


Countries & Companies

160+ Companies across 48 Countries.


View full list of countries and companies we cover


Research Management Team


Stuart Culverhouse

Stuart Culverhouse

Head of Sovereign & Fixed Income Research


Hasnain Malik

Hasnain Malik

Equity Strategy, Head of Equity Research

Research Recognition & Awards

Silver for Frontier Markets Research

2017 - Institutional Investor Rankings

Best Africa Ex-SA Equities Research

2016 - Financial Mail

Young Analyst of the Year

2016 - Financial Mail

Best Research & Data Provider

2016 - Africa Global Funds

Research & Analysis Team

Fixed Income Research

Stuart Culverhouse

Head of Sovereign & Fixed Income Research

Tolu Alamutu

Director, Credit Analyst (Financials)

Rafael Elias

Director, Latin America Credit

Equity Research

Hasnain Malik

Equity Strategy, Head of Equity Research

Olabisi Ayodeji

Research Analyst

Esili Eigbe

Head of Consumer Research

Rahul Shah

Head of Financials Research

Vahaj Ahmed

Industrials/Energy Analyst - South Asia

Asif Khan

Banks/Pharma Analyst - South Asia

Jumai Mohammed

Research Associate

Mamur Anjarwalla

Research Analyst

Rohit Kumar

Financials - South Asia

Faith Mwangi

Financials - East Africa

Temitope Ode

Financials - North Africa & Frontier

Phuong Pham

Financials – Vietnam