Industry & Services >> Analyst Interviews >> August 7, 2000

European Utilities : Chris Rowland – Dresdner Kleinwort Benson

DR CHRIS ROWLAND is Global Head of Utilities Research, leading a team of eight professionals in Europe and seven professionals outside Europe. He joined DrKB in summer 2000, from Merrill Lynch where he co-headed the European utilities research. At Merrill Lynch, he initiated European utility research and led the team to top ranking in all the external surveys (first place in Institutional Investor 2000 and in Extel 1999, and second place in Reuters 1999). Apart from being appreciated by investors for identifying the key sector drivers, Chris has worked closely on a number of primary assignments. Most recently, he led the marketing of Enel, which was brought to the market in expanded size and at the top of the indicated pricing range. He has also advised several utilities on their strategic direction ahead of making transforming transactions. Chris has a Doctorate in Economics from the University of Surrey for his work on the economics of UK oil taxation, holds a MSc in Economics awarded by the University of London, and a BSc in Economics from the University of Bath. Prior to joining Merrill Lunch, he was with BZW, where he was top rated both for his equity research into UK utilities and into UK oil and gas companies. He has worked as a University lecturer and spent a year starting up an alternative generator in the UK. Profile
TWST: Let's start with the future universe of stocks that you'll be

covering.

Mr. Rowland: It's utilities, excluding telecoms, on a pan-European

basis; so it includes RWE (RWEG.DE), Eon