Total appearances: 2
Team debut: 2013 Ivano Westin of Credit Suisse claims the top position on this roster just one year after debuting, rising from second place. “Ivano understands this industry like an insider,” cheers one admirer. Indeed, before he joined the firm in 2011, Westin spent more than a decade working in the metals and mining business, including management positions at BHP Billiton in Brazil and Singapore and at Cia. Siderúrgica Nacional Asia. He holds an MBA from Brazil’s Fundação Getúlio Vargas and a bachelor’s degree in business administration from the nation’s Centro Universitário de Ciências Gerenciais da Una. Clients hail his coverage of the steel space and Usinas Siderúrgicas de Minas Gerais, in particular. One of eight companies the analyst closely monitors, Usiminas is Brazil’s largest producer of flat steel products, boasting a near 30 percent market share. Westin upgraded the stock from underperform to outperform in July 2013, deeming it undervalued at 6.55 reais, a level the share price has not fallen to since. Usiminas rocketed as high as 14.50 reais in December before settling back to 8.05 reais at the end of July, and over the life of the call advanced 22.9 percent, outdistancing the sector by 11.5 percentage points. Westin, 37, dismisses the recent downturn as “short-term volatility” and continues to recommend the stock. “Over the next 12 to 18 months,” he notes, “I expect steel equities to outperform mining equities.”