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

I am a financial analyst, entrepreneur, professionally qualified equestrian and amateur eventer. Amongst others, I trained as a financial analyst at Global US based fund manager Legg Mason Investors and have been head of Technology and Media Equity Research at Bryan Garnier, a pan-European investment bank and brokerage. I 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. I opened our first corporate finance business (Destrier Partners) and am approaching the launch of our first non-financial services business. In my view, I am only able to do these things because of the quality of the team I work with at ACF. For 11 years I broadcasted as an expert guest and wrote regularly in the leading pan-European and international media including Bloomberg Television, BBC Radio 4 and the Financial Times. I studied Biochemistry at Kings followed by Economics at LSE and can conduct business in English and French, I speak German and have basic knowledge of Spanish and Italian. My free time, which I make sure I carve out, is in part each day spent on my passion - riding, competing with and caring for my horse(s).

Amalia Barnoschi - Head of Operations Head of Operations

Amalia Barnoschi

Joining ACF at its founding I 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 I was a highly successful and rapidly promoted young manager in manufacturing and have worked closely at board level for over 15 years with SMEs in the City and in other financial markets. I co-run ACF with our MD, as Head of Operations, responsible for driving profitability and developing and designing processes and managing projects for ACF and for client partners to allow our portfolio of businesses to grow. I am bilingual English/Romanian, read Italian and am working towards my accountancy ACCA qualification with AAT. I love to relax by making time for my favourite out-of-hours activity – photography – taking my first formal nature course in May 2018. I have a keen understanding and interest in horses, though not a rider, this is combined with a life-long love of polo.

Anne Castagnede - Sales Sales

Anne Castagnede

I am a sales professional with a top-tier luxury goods background. In the past 5 years I managed flagship boutiques as well as working for some of the great Haute Couture houses including Chanel and Jimmy Choo, where I established a reputation as a top performer by developing, maintaining and offering information and guidance to new and existing clients. I have researched, recommended and implemented service opportunities as well as improvements. In the early days of my career I trained with Air France and later with Chanel. On my journey I acquired management skills from back office through to front office and have a high degree of practical IT literacy. I know from personal experience that passion leads the way to perfection and my will to learn matched with my sales ability will result in clients being in very capable hands. My bilingual languages are French and English and I speak Spanish. Off-duty my passions are languages and art.

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

Adeline Bockarie -  Junior Research Analyst Junior Research Analyst

Adeline Bockarie

I am a Junior Research Analyst working as a staffer for the Head of Research. I have particular research interests in the development of the gaming and the green energy sectors and am always determined to master my brief, whatever it is. Before ACF I worked at Harrisons Business Recovery & Insolvency, and briefly at Capital Partners in London and interned at Royal London Asset Management. I recently completed my MSc in Finance and Investment Management at Middlesex. Over a period of two years I travelled back and forth to Sierra Leone to carry out charity work including teaching in local schools - I speak English, Krio and Mende. I am passionate about cooking and am an amateur chef.

Emma Joyce - Team PATeam PA

Emma Joyce

I have worked as an EA and PA and within related roles for over 20 years, with a track record of delivery in high pressure environments. I am highly experienced, effective and comfortable working at C-suite level as well as with high-net worth individuals and family offices. I believe the key here is a pro-active approach combined with attention to detail and innate time management. With a wide range of skills from accounts to international, high profile, event organisation, I have also been involved in running Asset Management data bases, background research, and implementing office system changes. Before ACF I worked with, amongst others, Halifax Bank of Scotland, City South Manchester Housing Trust, Monsoon, Adlington Hall & Gardens and Silverfox Events. Music and Interior design are the things I am absorbed in outside of my children and my executive support roles.

    Anda Maria Onu - Team PATeam PA

    Anda Maria Onu

    I have strong organisational, planning and analytical skills. I am used to liaising with senior management and understand the needs of small and medium sized companies, as I have worked mainly with start-ups and scale-ups. I have 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. I am passionate about the environment and work as a volunteer for the Sussex Wildlife Trust doing conservation work at the Old Lodge nature reserve. In my spare time I am a school governor and have been a juror at the Royal Court of Justice. My hobbies are 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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