Analyst Profiles

Providing research and insight to individual and institutional investors, the Raymond James Canadian Research Team consists of 17 equity analysts who cover approximately 250 companies in nine key sectors.

 

Daryl Swetlishoff, CFA
Senior Managing Director, Head of Raymond James Ltd. Equity Research

Daryl Swetlishoff was named Head of Research of Raymond James Canada in May 2007. He is also an analyst covering the forest products sector since joining the firm in 2001. For the past eight years, Brendan Wood International has recognized Mr. Swetlishoff as the top‐ranked analyst in the space. He holds the Chartered Financial Analyst designation and earned an MA (economics) from the University of Victoria (1994).

Contact Daryl:  daryl.swetlishoff@raymondjames.ca

 

Frederic Bastien, CFA
Managing Director, Equity Research Analyst
Infrastructure & Construction

Frederic Bastien joined Raymond James Ltd. in 2003. Frederic primarily focuses on the infrastructure and construction sector, but recently expanded his coverage universe to include power and utility stocks. He is a well-respected analyst, achieving Brendan Wood International’s annual TopGun status on a consistent basis. Frederic holds an MBA from the Sauder School of Business at the University of British Columbia, a bachelor's degree in mechanical engineering from McGill University, and the Chartered Financial Analyst designation.

Contact Frederic:  frederic.bastien@raymondjames.ca

 

Andrew Bradford, CFA
Managing Director, Equity Analyst, Head of Energy Research
Oil & Gas Services

Andrew originally joined Raymond James in an analyst capacity in 2000, and after a brief hiatus, returned to the firm in December 2007. Andrew has been performing investment analysis for investment dealers in the energy sector and the energy services industry since 1998. Prior to that, he spent two years with a Calgary-based energy-focused private equity firm. Andrew earned a master's degree in economics from the University of Calgary in 1996 and is a CFA charterholder.

Contact Andrew:  andrew.bradford@raymondjames.ca

 

Ben Cherniavsky
Managing Director, Head of Industrial Research
Aerospace & Aviation/Airlines/Infrastructure & Construction

Ben joined Raymond James Ltd. in 1998. As an analyst, Ben covers the infrastructure and construction space as well as aerospace and aviation companies. He is a top-ranked analyst with Brendan Wood, retaining his top-three TopGun status from 2003 to 2017. Prior to pursuing his MBA, Ben worked in public finance as a research analyst for the Ministry of Finance in Ottawa and at the University of Toronto’s International Centre for Tax Studies. He holds an MBA from the University of Western Ontario and a B.A. in economics from the University of Alberta.

Contact Ben:  ben.cherniavsky@raymondjames.ca

 

Chris Cox, CFA
Director, Equity Research Analyst
Senior E&P/Midstream

Chris Cox originally joined Raymond James in 2009 as an associate equity analyst covering the Canadian Senior E&P sector. He returned to the firm in 2013 following a brief stint at an energy-focused investment bank, where he was a Research Analyst covering the same space. Mr. Cox is a CFA charterholder and holds a Bachelor of Commerce (finance) and Bachelor of Arts (economics, specializing in applied energy economics), both from the University of Calgary.

Contact Chris:  chris.cox@raymondjames.ca

 

Michael Glen, CFA
Equity Research Analyst
Consumer & Diversified Industrials

Michael joined Raymond James Ltd. In 2019 as an Equity Analyst covering Canadian consumer and diversified industrial stocks. He has close to 15 years of Capital Markets experience, working most recently with a large global investment bank (Macquarie Group) covering Canadian equities. Michael is a CFA charterholder, and holds an MBA from McGill University and a Bachelor of Science from the University of Toronto.

Contact Michael:  michael.glen@raymondjames.ca

 

Farooq Hamed
Director, Equity Research Analyst
Metals & Mining

Farooq Hamed joined Raymond James Ltd. in 2017 as an equity analyst covering the mining sector. Prior to joining Raymond James, Farooq spent 11 years in equity research covering gold, base metals, diamond, fertilizer and agricultural companies at both global and Canadian banks. Before becoming an analyst, Farooq worked in consulting with Deloitte & Touche. Farooq is a CA and holds a Bachelor of Science degree from the University of Toronto and a master of management and professional accounting degree from the Rotman School of Management at the University of Toronto.

Contact Farooq:  farooq.hamed@raymondjames.ca

 

Steve Hansen, CFA, CMA
Managing Director, Equity Research Analyst
Transportation, Chemicals & Fertilizers

Steve Hansen joined Raymond James Ltd. in October 2005, and covers the transportation, chemicals, and agribusiness industries. In 2011, he was ranked as the number one stockpicker for his industry by StarMine, and in the same year, he achieved TopGun status with Brendan Wood. Prior to joining the firm, Mr. Hansen was employed as a stock analyst with Morningstar covering the paper & forest products sector. Mr. Hansen holds an MBA from the Richard Ivey School of Business and a bachelor of science in forestry from the University of British Columbia. Mr. Hansen also holds his CMA designation and has the Chartered Financial Analyst designation.

Contact Steven:  steve.hansen@raymondjames.ca

 

Steven Li, CFA, CMA
Director, Equity Research Analyst
Technology

Steven Li concentrates his research efforts on the technology sector (hardware, services and software). Steven joined the firm in July 2001 as an equity analyst. Steven has been recognized three times (2009, 2010, 2011) by Brendan Woods as a TopGun analyst within the technology sector and twice by StarMine as a top stock picker in IT equipment (2009, 2013). Steven holds the Chartered Financial Analyst designation and earned a B.A. and M.A. from the University of Cambridge (England) and an MBA from York University.

Contact Steven:  steven.li@raymondjames.ca

 

Brian MacArthur
Managing Director, Head of Mining Research
Basic Materials

Brian joined Raymond James Ltd. in 2017 as an equity analyst covering the mining sector. Prior to joining Raymond James, Brian spent 26 years as an analyst covering base metals, gold, uranium, coal, fertilizer, aluminum, diamond and chemical companies at a global bank. Before becoming an analyst, Brian worked in corporate banking at the Bank of Nova Scotia and as geophysicist in the mining and oil and gas industries. Brian is a CFA and holds a Bachelor of Applied Science degree and an MBA from Queen’s University in Kingston, Ontario.

Contact Brian:  brian.macarthur@raymondjames.ca

 

Jeremy McCrea
Director, Equity Research Analyst
Oil & Gas Producers

Jeremy joined Raymond James in 2015, as an energy analyst with over 15 years of experience exclusively covering the energy sector, Jeremy has previously held similar positions at AltaCorp Capital and National Bank Financial. Jeremy holds a Bachelor of Commerce degree from the University of Calgary and is a CFA charterholder.

Contact Jeremy:  jeremy.mccrea@raymondjames.ca

 

David Novak, MSc.
Managing Director, Equity Research Analyst
Healthcare & Biotechnology

David joined Raymond James in 2018 as Managing Director, Equity Research Analyst, covering Healthcare & Biotechnology companies. Prior to joining Raymond James, David held similar roles at a number of Canadian boutique firms, most recently at a leading independently owned Canadian investment bank where he was a top-ranked StarMine stock picker. Prior to David’s tenure as a research analyst, he spent a number of years at a TSX-listed biotechnology company developing molecular diagnostic tests for oncology indications, as well as a clinical research scientist investigating both the hereditary predisposition to cancer as well as experimental therapeutics to treat such cancers. David’s former industry and clinical research experience are core to the fundamental analytical approach he takes with the companies under his coverage. David holds a Masters of Science (Medical Genetics) from McGill University and has published in a number of high impact journals such as the New England Journal of Medicine.

Contact David: david.novak@raymondjames.ca

 

David Quezada, CFA
Vice President, Equity Research Analyst
Special Situations

David joined Raymond James Ltd. in 2009 as a Research Associate covering the Forest Products sector. In 2016 he was promoted to Equity Analyst, covering the Power and Utilities sector. Prior to joining the firm David spent time working at Vancouver-based investment manager Connor, Clark, & Lunn as well as at HSBC in Commercial Banking. David holds the CFA designation as well as a Bachelor of Business Administration from Simon Fraser University.

Contact David:  david.quezada@raymondjames.ca

 

Johann Rodrigues
Equity Research Analyst
Real Estate

Johann Rodrigues joined Raymond James Ltd. in 2011 as a Research Associate covering Canadian REITs/REOCs before picking up co-coverage of the sector in 2015 and full-coverage in 2019. Johann has been ranked as Starmine’s #3 overall (all sectors) Canadian stock picker in 2019 and the #4 overall in 2018, as well as ranking as the #1 overall Canadian real estate/REIT stock picker in both years. Additionally, Johann been ranked by Brendan Wood in 2017-2019. Prior to joining the firm, Mr. Rodrigues spent three years as a Managing Director at Brendan Wood International in its Institutional Equity consulting group and one year at RSM Richter working as an audit associate in its Private Mid-Market audit group. Mr. Rodrigues holds an Honours Bachelor of Business Administration from The Richard Ivey School of Business (University of Western Ontario) and a Master of Finance degree from the Rotman School of Business (University of Toronto).

Contact Johann:  johann.rodrigues@raymondjames.ca

 

Rahul Sarugaser, PhD, MASc, MBA
Managing Director, Equity Research Analyst, Healthcare, Biotechnology & Cannabis

Rahul holds a PhD and MASc in biomedical engineering from the University of Toronto, and an MBA from the University of Oxford. Before joining Raymond James, Rahul was a Healthcare/Biotechnology equities analyst with Paradigm Capital, a boutique investment bank in Toronto. Prior to Paradigm, his roles included Director of Business Development at the Centre for Commercialization of Regenerative Medicine, Investment Manager with the Toronto-based MaRS Investment Accelerator Fund, and Strategic Marketing Analyst with GE Healthcare’s headquarters in the U.K.

Contact Rahul:  rahul.sarugaser@raymondjames.ca

 

US Analysts

Our clients have access to the equity research produced by our US colleagues who combine to provide coverage on over 600 companies.

Visit the Raymond James US Equity Capital Markets website