ACF Team

ACF Equity Research is an independent research house specialising in the highest specification independent equity research for corporate clients. We deliver premium independent corporate sponsored equity research characterised by its accuracy, clarity and foresight based upon a fundamental valuation approach.

Christopher Nicholson - Managing DirectorManaging Director

Christopher Nicholson

Christopher is a financial analyst, entrepreneur, professionally qualified equestrian and amateur eventer. Amongst others he trained as a financial analyst at Global US based fund manager Legg Mason Investors and has been head of Technology and Media Equity Research at Bryan Garnier, a pan-European investment bank and brokerage. He founded ORACA Independent Equity Research a ground breaking highly independent thinking large-cap secondary comm business and ACF Equity Research, a very high quality independent issuer-pays small and mid-cap research business. He opened his first corporate finance business (Destrier Partners) and is approaching the launch of his first non-financial services business. He believes he is only able to do these things because of the quality of the team he works with at ACF. For 11 years he broadcasted and wrote regularly in the leading pan-European and international media including Bloomberg Television, BBC Radio 4, the Financial Times. He studied Biochemistry at Kings followed by Economics at LSE and can conduct business in English and French, speaks German and has basic knowledge of Spanish and Italian. For further information please contact Managing Director (Head of Research) +44 79 77 07 32 91

Amalia Barnoschi - Head of Operations Head of Operations

Amalia Barnoschi

Joining ACF at its founding Amalia started in financial services in 2007 on the sell-side with ORACA, a large-cap independent equity research business that changed the industry. Before financial services Amalia was a highly successful and rapidly promoted young manager in manufacturing. She has worked closely at board level for over 14 years with SMEs and is currently ACF’s Operations Officer. Amalia is at the heart of driving profitability and developing processes to allow our portfolio of businesses to grow. Amalia is fully bilingual English and Romanian and reads Italian. She is working towards her accountancy ACCA qualification with AAT and has a passion for photography, taking her first formal course in May 2018.

Mike Wort - DirectorDirector

Mike Wort

Mike Wort is a life science communications expert and former life sciences CEO (large to start-up). He graduated in microbiology and lectured to science undergraduates in both the UK and Nigeria. He joined the pharmaceutical industry, working in a number of senior sales, marketing and clinical roles for Glaxo, SmithKline and Wellcome in the UK and overseas. Appointed IR Manager for Wellcome, he helped organise its global roadshow for a £2.4bn secondary offering. He has managed over 20 IPOs and secondary raisings bringing in well in excess of £600m, He has consulted on and conducted M&A and DD in the life science sector and developed disaster recovery programmes for SME companies. Mike worked with Deutsche Bank to privatise the Bulgarian pharmaceutical industry. As the CEO of Balkanpharma, he led the consolidation of the three key assets into one cohesive unit. Balkanpharma has, through a series of M&A activities, become a significant part of NYSE listed Allergan. Formerly MD at De Facto Communications, Bell Pottinger’s healthcare offering, he recently retired from Walbrook, the UK’s most successful SME PR/IR agency. In addition, Mike has co-founded a number of life science start-up companies in Europe and the USA.

Richard Calvert - Director, Distribution & ServicesDirector, Distribution & Services

Richard Calvert

I'm a Modern Marketing Strategist with a strong CXM, digital transformation and innovation background working with global blue chip clients, modern creative and media agencies and start-ups. I put people, data, technology and brand at the heart of everything I do - always delivering highly creative and effective integrated solutions with engaged, excited teams. I believe in taking everyone from the Account Exec to the C-suite client with me on the journey. I work with Global clients as easily as entrepreneurial start-ups across a broad range of categories from Automotive to FMCG, Financial Services and Technology. My recent focus has been on Digital integration; Relationship Marketing; Content Planning and Brand evolution. Specialties: Strategic Planning, CXM, Digital and Business Transformation, Programmatic Marketing, Proposition Development, Content Planning, User Experience Development and Design, Mobile, Consumer Insight Development, Brand Planning and Development, Information Architecture and Design, Business Development, Digital Channel Strategy Development, Brand Development, CRM Strategy and Delivery, Business Development

Anda Maria Onu - Team PATeam PA

Anda Maria Onu

Anda has worked as a PA since 2015 and has strong analytical, organisational and planning skills. Anda is used to liaising with senior people and understands the needs of small and medium sized companies, she has also worked with start-ups and scale-ups. Anda graduated in life sciences in Ecology and Environmental Protection in Romania in 2007 and worked in a laboratory carrying out chemical analysis of industrial waste-water. She is passionate about the environment and works as a volunteer for the Sussex Wildlife Trust doing conservation work at the Old Lodge nature reserve and about which she writes an occasional blog. She is a school governor and has been a juror at the Royal Court of Justice and when not doing her part for society, she enjoys dance, horses, swimming, opera and theatre.

Adrian Chiappe - Editor Editor

Adrian Chiappe

Adrian has over 20 years investment research writing, editing and supervisory analysis experience for leading investment banks including Barclays Capital, UBS, BNP Paribas, Jefferies, S&P, Danske Bank, ABN Amro, Lombard Odier and Bear Stearns. He has a deep understanding of his subject. Adrian has executed editing and supervisory analysis for investment banks, brokerages and fund managers. He has up-to-date knowledge of the operational and regulatory framework for international institutional equities markets. Adrian is a materials scientist and has languages.

    Baraka (Zee) Zahabian - Business DevelopmentBusiness Development

    Baraka (Zee) Zahabian

    Baraka (Zee) Zahabian’s sector experience is cross-boundary and cross-border. She specialises in investor relations and new business development and has assisted or worked with over 100 start-ups and scale-ups, she understands the challenges facing small caps. She has an extraordinary portfolio of contacts and there is also no doubt that she is an influencer in the tech space. Zee’s understanding of the challenges facing start-up and scale-up businesses at various points in the valuation cycle from the 100s of thousands to the 100s of millions is exceptional. She understands the crowdfunding space as well as wholesale financial services. Zee worked for four different crowdfunding sites before becoming a director of Fundsurfer, a Bristol based investment platform. Prior to joining ACF she worked with boutique investment bank, US Capital Partners, heightening their presence across Europe, San Francisco and New York. She maintains a wide range of mentoring projects. Her leisure/work cross-over interests include Futurism, VR, Film, Quantum engineering, AI and some relaxation out hacking horses.

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